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FLEXSHOPPER, INC. FILES (8-K) Disclosing Unregistered Sale of Equity Securities

June 6, 2014

Item 3.02 Unregistered Sales of Equity Securities

The Company is currently seeking to raise up to $8 million through the sale of its restricted Common Stock pursuant to a private placement offering. As of May 30, 2014, the Company has received aggregate gross proceeds of approximately $3.211 million from the sale of 5,839,273 shares of Common Stock. The foregoing does not include an additional $1 million received from two directors/principal stockholders of the Company at the same offering price per share paid by investors in the offering. Exemption from registration is claimed under Rule 506 promulgated under Section 4(2) of the Securities Act of 1933, as amended.

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Source: Edgar Glimpses

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