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LM Funding America Enters Into Warrant Exercise Agreement for Gross Proceeds of $5.1 Million
Dec 09, 2024•over 1 year ago
Contract Type
agreement
BlockchainMining
Description
LM Funding America, Inc. has entered into a warrant exercise agreement with a single institutional investor, leading to the immediate exercise of existing warrants and the issuance of new unregistered common stock warrants. The gross proceeds of the exercise of the existing warrants to the company are expected to be approximately $5.1 million.
Company Information
Company
LM Funding America
About
LM Funding America, Inc., (Nasdaq: LMFA) together with its subsidiaries, is a cryptocurrency mining business that commenced Bitcoin mining operations in September 2022. The Company also operates a technology-based specialty finance company that provides funding to nonprofit community associations (Associations) located in the state of Florida by funding a certain portion of the Associations' rights to delinquent accounts that are selected by the Associations arising from unpaid Association assessments.
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Strategic
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