Offering sells 1,287,500 restricted common shares at $0.40 per share
By Devika Patel
Knoxville, Tenn., Nov. 5 - FlexShopper Inc. settled a $515,000 private placement of stock, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 1,287,500 restricted common shares at $0.40 per share, which is a 42.86% discount to the Nov. 4 closing share price of $0.70.
The Charlotte, N.C., company, formerly Anchor Funding Services, Inc., provides durable goods to consumers on a lease-to-own basis.
| Issuer: | FlexShopper Inc.
|
| Issue: | Restricted common shares
|
| Amount: | $515,000
|
| Shares: | 1,287,500
|
| Price: | $0.40
|
| Warrants: | No
|
| Announcement date: | Nov. 5
|
| Stock symbol: | OTCBB: FPAY
|
| Stock price: | $0.70 at close Nov. 4
|
| Market capitalization: | $13.04 million
|
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