Flexshopper files registration statement for proposed rights offering to its stockholders

Net proceeds of the rights offering will be used primarily to repurchase over 90% of the company's series 2 convertible preferred stock and reduce a portion of the outstanding balance under its credit facility net proceeds of the rights offering will be used primarily to repurchase over 90% of the company's series 2 convertible preferred stock and reduce a portion of the outstanding balance under its credit facility
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