Duyuru • May 13
LM Funding America, Inc. to Report Q1, 2026 Results on May 15, 2026 LM Funding America, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 15, 2026 Duyuru • Apr 17
LM Funding America, Inc., Annual General Meeting, Jun 16, 2026 LM Funding America, Inc., Annual General Meeting, Jun 16, 2026. Location: 1200 west platt street, suite 100 tampa, florida 33606., United States Duyuru • Mar 28
LM Funding America, Inc. has filed a Follow-on Equity Offering in the amount of $75 million. LM Funding America, Inc. has filed a Follow-on Equity Offering in the amount of $75 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Duyuru • Mar 24
LM Funding America, Inc. to Report Q4, 2025 Results on Mar 27, 2026 LM Funding America, Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 27, 2026 Duyuru • Jan 10
LM Funding America Receives Non-Compliance Notice from Nasdaq On January 7, 2026, LM Funding America, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s consolidated closing bid price has been below $1.00 per share for 35 consecutive business days as of January 6, 2026, and that, therefore, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which is the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has automatically been afforded a 180-calendar day grace period, or until July 6, 2026, to regain compliance. The continued listing standard will be met if the consolidated closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of ten consecutive business days during the 180-calendar day grace period. If the Company is not in compliance by July 6, 2026, the Company may be afforded a second 180-calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify Nasdaq of its intention to cure the minimum bid price deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company does not regain compliance within the allotted 180-day compliance period and is not eligible for a second 180-day compliance period, the Company’s common stock would be subject to delisting unless it requested a hearing before an independent Nasdaq Hearings Panel. A request for a hearing would stay any suspension or delisting action pending the hearing and any additional extension period granted by the Panel. The Company intends to monitor the closing bid price of the Company’s common stock and consider its available options to resolve the non-compliance with the minimum bid price requirement. The Company’s receipt of the notice does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission. However, there can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with other Nasdaq listing criteria. Duyuru • Nov 06
LM Funding America, Inc. to Report Q3, 2025 Results on Nov 14, 2025 LM Funding America, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 14, 2025 Duyuru • Nov 03
LM Funding America, Inc. (NasdaqCM:LMFA) announces an Equity Buyback for $1.5 million worth of its shares. PharmaCyte Biotech, Inc. (NasdaqCM:PMCB) announces a share repurchase program. Under the program, the company will repurchase up to $1.5 million worth of its shares. The repurchases will be funded from company's existing cash balances and borrowings under credit facilities. The program will be valid till September 30, 2026. Duyuru • Sep 18
LM Funding America, Inc. (NasdaqCM:LMFA) acquired 11 MW Bitcoin Mining Site in Mississippi from Greenidge Generation Holdings Inc. (NasdaqGS:GREE) for $3.9 million. LM Funding America, Inc. (NasdaqCM:LMFA) agreed to acquire 11 MW Bitcoin Mining Site in Mississippi from Greenidge Generation Holdings Inc. (NasdaqGS:GREE) for $3.9 million on August 1, 2025. As part of the acquisition, a cash consideration of $3.9 million or about $355,000 per MW will be paid by LM Funding America, Inc and includes the real property and onsite power infrastructure including a 3,000 kVA transformer relocated to the parcel, with 7.5 MW operational.
The transaction is subject to customary due diligence and other conditions and is expected to close on or before September 16, 2025.
LM Funding America, Inc. (NasdaqCM:LMFA) completed the acquisition of 11 MW Bitcoin Mining Site in Mississippi from Greenidge Generation Holdings Inc. (NasdaqGS:GREE) on September 16, 2025. Duyuru • Sep 09
LM Funding America, Inc., Annual General Meeting, Oct 14, 2025 LM Funding America, Inc., Annual General Meeting, Oct 14, 2025. Location: 1200 west platt street, suite 100, florida 33606, tampa United States Duyuru • Aug 20
LM Funding America, Inc. has filed a Follow-on Equity Offering in the amount of $12.608351 million. LM Funding America, Inc. has filed a Follow-on Equity Offering in the amount of $12.608351 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,231,681
Price\Range: $2.41
Discount Per Security: $0.13255
Transaction Features: Registered Direct Offering Duyuru • Aug 19
LM Funding America, Inc. announced that it has received $10.416659 million in funding LM Funding America, Inc. announced that it has entered into a securities purchase agreement with institutional investors pursuant to which the company agreed to issue to the Purchasers, in a private placement , 4,322,265 shares of the Company’s common stock, par value $0.001 per share at an issue price of $2.14 per share for gross proceeds of $10,416,658.65 and 4,322,265 warrants to purchase shares of Common Stock at an exercise price of $2.41 per share on August 18, 2025. The Company received aggregate gross proceeds from the PIPE Offering of approximately $10.4 million, before deducting fees to the Placement Agent (as defined below) and other estimated offering expenses payable by the Company. The Securities Purchase Agreement provides that, subject to certain exceptions, until 45 days after the later of the Stockholder Approval Date and the effectiveness of the registration statement, neither the Company nor any of its subsidiaries will issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock equivalents. The Securities Purchase Agreement further provides, subject to certain exceptions, including an at-the-market offering with the placement agent, until six months after the later of the Stockholder Approval Date and the effectiveness of the registration statement, neither the Company nor any of its subsidiaries will enter into a variable rate transaction (as defined in the Securities Purchase Agreement). The Securities Purchase Agreement also provides that the investors in the PIPE Offering have a right of participation in future equity or equity linked offerings by the Company for two years following the closing date. The Shares and Common Warrants were issued in a private placement and have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and are instead being offered pursuant to the exemption provided in Section 4(a)(2) under the Securities Act and/or Rule 506(b) promulgated thereunder. In connection with the PIPE Offering, .The Company will pay the Placement Agent a cash fee equal to 5.5% of the aggregate gross proceeds raised in the PIPE Offering, will reimburse the Placement Agent for certain of its expenses in an aggregate amount up to $10,000 and will issue to the Placement Agent 216,113 shares of Common Stock. The Placement Agency Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, including for liabilities under the Securities Act, other obligations of the parties, and termination provisions. The securities issued in the PIPE Offering and the Placement Common Warrants and the shares of Common Stock issued to the Placement Agent will not be registered under the Securities Act, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder. Duyuru • Aug 05
LM Funding America, Inc. to Report Q2, 2025 Results on Aug 14, 2025 LM Funding America, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 14, 2025 Duyuru • May 01
LM Funding America, Inc. to Report Q1, 2025 Results on May 15, 2025 LM Funding America, Inc. announced that they will report Q1, 2025 results on May 15, 2025 Duyuru • Mar 25
LM Funding America, Inc. to Report Q4, 2024 Results on Mar 31, 2025 LM Funding America, Inc. announced that they will report Q4, 2024 results on Mar 31, 2025 Duyuru • Dec 10
LM Funding America, Inc. (NasdaqCM:LMFA) completed the acquisition of 15 MW mining site in Oklahoma from Tech Infrastructure JV I LLC for $7.3 million. LM Funding America, Inc. (NasdaqCM:LMFA) agreed to acquire 15 MW mining site in Oklahoma from Tech Infrastructure JV I LLC for $7.3 million on November 14, 2024.The expected completion of the transaction is December 1, 2024 to December 31, 2024.
LM Funding America, Inc. (NasdaqCM:LMFA) completed the acquisition of 15 MW mining site in Oklahoma from Tech Infrastructure JV I LLC on December 9, 2024. Duyuru • Sep 30
LM Funding America, Inc., Annual General Meeting, Nov 08, 2024 LM Funding America, Inc., Annual General Meeting, Nov 08, 2024. Location: 1200 west platt street, suite 100, florida 33606., tampa United States Duyuru • Aug 17
LM Funding America, Inc. has filed a Follow-on Equity Offering. LM Funding America, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 278,000
Price\Range: $2.93
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 605,000
Transaction Features: Registered Direct Offering Duyuru • Apr 30
LM Funding America, Inc. Announces the Appointment of Marty Traber to Its Board of Directors LM Funding America, Inc. announced the appointment of Marty Traber to the Company’s Board of Directors. Mr. Traber, who previously served as a director for the Company from 2015-2021, replaces Todd Zhang, who is retiring from the board. Mr. Traber is currently the Chairman of the Skyway Capital Markets Group, where he oversees the organization’s strategic planning and growth, building on more than 40 years of experience in securities law and corporate finance. He is also a former partner of the international law firm of Foley & Lardner LLP, in Tampa, Florida, where he served in the firm’s Transactional & Securities and Private Equity & Venture Capital practices and was a member of its Technology Industry team. He is a founder of HCI Group, Inc., a New York Stock Exchange-listed company headquartered in Tampa that engages in various business activities, including homeowners’ insurance, reinsurance, real estate, and information technology where he also served on Its board from 2006 – 2018. From 2012 to 2013, he also served on the Board of Directors of Exeter Trust Company, Portsmouth, New Hampshire. He also joined the Board of Directors for Mad Mobile in March 2019. A founder of NorthStar Banking Corporation in Tampa, he served as a member of the Board of Directors of the bank holding company from 2007 to 2011. From 2009 to 2014, Mr. Traber served on the Board of Directors of JHS Capital Holdings, Tampa, and from 2010 to 2016, he served on the Advisory Board of Platinum Bank, Tampa. He has also advised a number of community banks from formation through ongoing operations and, in some cases, acquisition. In 2017, he was appointed to the Advisory Board of Retail Service Systems, LLC, Columbus, Ohio. Mr. Traber holds a Bachelor of Arts degree from Indiana University and a Juris Doctor degree from the Indiana School of Law, Indiana University, where he graduated magna cum laude and first in his class. Duyuru • Mar 28
LM Funding America, Inc. Regains Compliance with Nasdaq Continued Listing Requirements LM Funding America, Inc. ("LM Funding" or the “Company") announced that the Company received notice from Nasdaq on March 26, 2024, indicating that LM Funding had regained compliance with the minimum bid price requirement under Nasdaq Rule 5550(a)(2). Bruce M. Rodgers, Chairman and CEO of LM Funding, commented, “We are pleased to have regained compliance with the continued listing requirements of Nasdaq. The preservation of our Nasdaq listing is paramount to the Company, given the credibility and exposure it offers. As our business progresses and gains momentum, we believe our listing is vital to our mission of enhancing shareholder value and strategically aligning the Company for ongoing success". Duyuru • Mar 26
LM Funding America, Inc. to Report Q4, 2023 Results on Apr 01, 2024 LM Funding America, Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Apr 01, 2024 Duyuru • Mar 09
LM Funding Announces 1-for-6 Reverse Stock Split to Ensure Compliance with Nasdaq Continued Listing Requirements LM Funding America, Inc. (‘LM Funding’) announced a 1-for-6 reverse stock split of its outstanding common stock, effective at 12:01 a.m. Eastern time on March 12, 2024. Beginning March 12, 2024, LM Funding’s common stock will trade on a split-adjusted basis. Bruce M. Rodgers, Chairman and Chief Executive Officer of LM Funding, stated, ‘We believe that our business fundamentals are currently strong and that we continue to make good progress, as evidenced by our 1700% year-over-year revenue growth in the third quarter of 2023. Notably, as previously reported, the stockholders’ equity of LM Funding was $35.9 million, or $2.45 per share (or $14.70 per share after giving effect to the reverse split announced today), as of September 30, 2023, and yet our current share price remains below the Nasdaq minimum bid price requirement of $1.00. We believe this share consolidation will not only ensure we meet the continued listing requirements, but also help us to attract a broader universe of investors, including institutional investors and retail brokers that encounter share price restrictions. Importantly, the pro-rata ownership of each shareholder will remain unchanged as a result of the reverse split, and we believe this share consolidation will tighten our public float and enhance our capital structure as we continue to execute on our business model.’ At LM Funding’s Annual Meeting of Shareholders (the ‘Annual Meeting’) held on November 9, 2023, the Company’s shareholders approved a proposal to amend the Company’s Certificate of Incorporation to effect a reverse stock split of its common stock at a ratio within the range of one-for-two (1:2) to one-for-ten (1:10), as determined by the Company’s Board of Directors. On February 23, 2024, the Board of Directors adopted a resolution approving and authorizing a 1-for-6 reverse split, and on March 7, 2024, LM Funding filed a Certificate of Amendment to its Certificate of Incorporation to effect the reverse stock split effective as of March 12, 2024. There will be no change to the total number of authorized shares of LM Funding Common Stock as set forth in the Certificate of Incorporation of the Company, as amended. Upon the effectiveness of the reverse stock split, every 6 shares of LM Funding’s issued and outstanding common stock will automatically be converted into one share of common stock. No fractional shares will be issued. Any fraction of a share of common stock that would be created as a result of the reverse stock split be rounded up to the next whole share. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Todd Zhang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 29
Mint Capital Advisor Provides Information to Shareholders of LM Funding America On November 27, 2023, Mint Capital Advisor Ltd. announced that while the group was formed with the intent of nominating directors to LM Funding America, Inc.’s Board at the annual meeting, Mint Capital Advisors has decided not to pursue the nomination. Mint Capital Advisors added that it intends to continue to work independently to drive stockholder value at the Company. Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.33 loss per share (vs US$0.51 loss in 3Q 2022) Third quarter 2023 results: US$0.33 loss per share (improved from US$0.51 loss in 3Q 2022). Net loss: US$4.42m (loss narrowed 34% from 3Q 2022). Revenue is expected to decline by 27% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in Germany are expected to grow by 11%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. Duyuru • Oct 14
Nasdaq Grants LM Funding America An Additional 180 Calendar Days, or Until April 8, 2024, To Regain Compliance With Nasdaq Listing Rule As previously reported, on April 14, 2023, LM Funding America, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s consolidated closing bid price has been below $1.00 per share for 30 consecutive business days as of April 13, 2023, and that, therefore, the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), which is the minimum bid price requirement for continued listing on The Nasdaq Capital Market. In accordance with Nasdaq’s listing rules, the Company was afforded 180 days, or until October 11, 2023, to regain compliance. The Company was unable to regain compliance with the bid price requirement by October 11, 2023. However, on October 12, 2023, the Company received a notice from Nasdaq granting the Company an additional 180 calendar days, or until April 8, 2024, to regain compliance with the minimum $1.00 bid price per share requirement for continued listing on the Nasdaq Capital Market. Nasdaq determined that the Company is eligible for the second compliance period due to the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market, with the exception of the bid price requirement, and the Company’s written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. To regain compliance during the additional time period, the closing bid price of the Company’s security must be at least $1.00 per share for a minimum of ten (10) consecutive business days. If the Company does not regain compliance within the allotted additional 180-day compliance period, the Company’s common stock would be subject to delisting unless it requested a hearing before an independent Nasdaq Hearings Panel. A request for a hearing would stay any suspension or delisting action pending the hearing and any additional extension period granted by the Panel. The Company intends to monitor the closing bid price of the Company’s common stock and consider its available options to resolve the non-compliance with the minimum bid price requirement. The Company’s receipt of the notice does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission. However, there can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with other Nasdaq listing criteria. New Risk • Oct 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$14m free cash flow). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$10m (€5.86m market cap, or US$6.15m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$23m net loss in 2 years). Shareholders have been diluted in the past year (12% increase in shares outstanding). Duyuru • Sep 26
LM Funding America, Inc., Annual General Meeting, Nov 09, 2023 LM Funding America, Inc., Annual General Meeting, Nov 09, 2023, at 15:00 Eastern Standard Time. Location: 1200 West Platt Street, Suite 100 Tampa Florida United States Agenda: To elect two Class I directors to hold office for a three-year term ending at the third annual meeting of stockholders following their election; To ratify the appointment of MaloneBailey, LLP as the Companys independent auditor to audit the Companys 2023 financial statements; ; and to discuss other matters. Reported Earnings • Aug 15
Second quarter 2023 earnings released: US$0.34 loss per share (vs US$0.22 profit in 2Q 2022) Second quarter 2023 results: US$0.34 loss per share (down from US$0.22 profit in 2Q 2022). Net loss: US$4.55m (down 260% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 8.7% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Jul 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.90m (US$9.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$18m free cash flow). Market cap is less than US$10m (€8.90m market cap, or US$9.82m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$21m net loss in 2 years). Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Revenue is less than US$5m (US$3.8m revenue). Duyuru • May 25
LM Funding America, Inc. (NasdaqCM:LMFA) made a stalking horse bid to acquire assets of Symbiont.io, Inc. for $2.6 million. LM Funding America, Inc. (NasdaqCM:LMFA) made a stalking horse bid to acquire assets of Symbiont.io, Inc. for $2.6 million on May 23, 2023. The transaction is subject to bankruptcy court. Reported Earnings • May 18
First quarter 2023 earnings released: US$0.41 loss per share (vs US$0.44 loss in 1Q 2022) First quarter 2023 results: US$0.41 loss per share (improved from US$0.44 loss in 1Q 2022). Net loss: US$5.39m (loss narrowed 6.0% from 1Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Duyuru • Jan 05
Lm Funding America, Inc. Announces Executive Appointments LM Funding America, Inc. appointed Andrew L. Graham, Frederick Mills and Frank Silcox as Class III directors. Duyuru • Dec 17
LM Funding America Receives Non-Compliance Notice From Nasdaq On December 13, 2022, LM Funding America, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s consolidated closing bid price has been below $1.00 per share for 30 consecutive business days as of December 13, 2022, and that, therefore, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which is the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has automatically been afforded a 180-calendar day grace period, or until June 11, 2022, to regain compliance. The continued listing standard will be met if the consolidated closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of ten consecutive business days during the 180-calendar day grace period. If the Company is not in compliance by June 12, 2023, the Company may be afforded a second 180-calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify Nasdaq of its intention to cure the minimum bid price deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company does not regain compliance within the allotted 180-day compliance period and is not eligible for a second 180-day compliance period, the Company’s common stock would be subject to delisting unless it requested a hearing before an independent Nasdaq Hearings Panel. A request for a hearing would stay any suspension or delisting action pending the hearing and any additional extension period granted by the Panel. The Company intends to monitor the closing bid price of the Company’s common stock and consider its available options to resolve the non-compliance with the minimum bid price requirement. The Company’s receipt of the notice does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission. However, there can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with other Nasdaq listing criteria. Duyuru • Nov 29
LM Funding America, Inc., Annual General Meeting, Dec 29, 2022 LM Funding America, Inc., Annual General Meeting, Dec 29, 2022, at 14:45 Eastern Standard Time. Duyuru • Nov 23
LM Funding America, Inc. Announces the Appointment of Todd Zhang to its Board of Directors LM Funding America, Inc. announced the appointment of Todd Zhang to the company's Board of Directors. Mr. Zhang replaces Joel Rodgers, who is retiring from service as a director at age 85. Mr. Zhang has served in a variety of corporate counsel roles where he has years of experience with matters involving securities, corporate governance, employee benefits, acquisitions, and compliance. On November 28, 2022, Mr. Zhang will assume the role of Vice President, Associate General Counsel for Intertape Polymer Group, Inc. Prior to that, Mr. Zhang served as Director, Senior Counsel and Assistant Secretary at Bloomin' Brands, Inc. from September 2020 to November 18, 2022, as Director, Corporate Counsel at TECO Energy, Inc. from July 2018 through August 2020, and as an associate with the law firm DLA Piper LLP from April 2017 to June 2018. Prior to his time with DLA Piper LLP, Mr. Zhang held various other corporate attorney roles at public and private companies. Mr. Zhang obtained his Juris Doctor from Stetson University College of Law in 2011 and his Bachelors Degree from the University of Florida in 2007. Duyuru • Nov 15
LM Funding America, Inc. announced delayed 10-Q filing On 11/14/2022, LM Funding America, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Aug 17
LM Funding America, Inc. announced delayed 10-Q filing On 08/16/2022, LM Funding America, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • May 18
First quarter 2022 earnings released: US$0.44 loss per share (vs US$0.87 profit in 1Q 2021) First quarter 2022 results: US$0.44 loss per share (down from US$0.87 profit in 1Q 2021). Net loss: US$5.73m (down 231% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €1.71, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 13x in the Diversified Financial industry in Germany. Total loss to shareholders of 71% over the past three years. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Frank Silcox was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.20, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 11x in the Diversified Financial industry in Germany. Total loss to shareholders of 64% over the past three years. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: US$0.70 (vs US$2.50 loss in FY 2020) Full year 2021 results: EPS: US$0.70 (up from US$2.50 loss in FY 2020). Net income: US$4.76m (up US$8.82m from FY 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Frank Silcox was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 31
LM Funding America, Inc. Announces Board Changes On January 28, 2021, LMF Acquisition Opportunities, Inc. (“LMF Acquisition”), a special purpose acquisition company organized by LM Funding America, Inc. (the “Company”), announced the closing of an initial public offering of units (“Units”). Effective January 25, 2021, Martin A. Traber resigned as a member of the board of directors of the Company (the “Board”) and became a director of LMF Acquisition. Mr. Traber’s resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices. On January 29, 2021, the Board appointed Frank Silcox, effective immediately, to serve as a director to fill the vacancy resulting from Mr. Traber’s resignation. Mr. Silcox was appointed as a “Class III” director for a term that ends at the 2022 annual meeting of stockholders. Mr. Silcox was also appointed to serve on the Compensation Committee and Nominating and Governance Committee of the Board. Mr. Silcox, age 57, was the original founder of the Company in January 2008 and thereafter ceased to be an equity holder and management member in 2014. Since March 2015, Mr. Silcox has been a partner with Osprey Capital, and since March 2015, Mr. Silcox has been Managing Director of Osprey Capital. Duyuru • Dec 23
LM Funding America, Inc. (NasdaqCM:LMFA) entered into a Master Loan Receivable Purchase and Assignment Agreement to acquire loan receivables of Borqs Technologies, Inc from Partners for Growth Managers, LLC for $15 million. LM Funding America, Inc. (NasdaqCM:LMFA) entered into a Master Loan Receivable Purchase and Assignment Agreement to acquire loan receivables of Borqs Technologies, Inc from Partners for Growth Managers, LLC for $15 million on December 14, 2020. The loan receivables will be purchased by LMFA in tranches over a period of up to 22 months at a price equal to a discount of 2.5% to 22.5% of the face value of the loan receivable, with such discount to result in an acquisition price of approximately $15 million in the aggregate. As a part of the transaction, LMFA has entered into a settlement agreement with Borqs pursuant to which Borqs will issue shares of Borqs common stock to LMFA (the “Settlement Shares”), in one or more tranches, in settlement of the loan receivables acquired by LMFA. In a separate transaction between LMFA and Esousa Holdings, Esousa has agreed to provide consulting services and make a non-recourse loan to LMFA in a principal amount of up to the purchase price of the Borqs loan receivables purchased by LMFA. LMFA and Esousa will split the net proceeds from sales of the settlement shares with LMFA receiving one-third of the net proceeds remaining after a return of the principal amount of the loans and the investor receiving return of principal plus two-thirds of the net proceeds. If the transactions contemplated in the Master Loan Receivable Purchase and Assignment Agreement and Settlement Agreement are completed in full, LMFA expects to realize approximately $2 million in net proceeds. Duyuru • Oct 03
LM Funding America, Inc. Receives Non-Compliance Notice from Nasdaq LM Funding America, Inc. (the "Company") received a letter from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company's consolidated closing bid price has been below $1.00 per share for 30 consecutive business days as of September 28, 2020, and that, therefore, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which is the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The notice does not result in the immediate delisting of the Company's common stock from The Nasdaq Capital Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has automatically been afforded a 180-calendar day grace period, or until March 29, 2021, to regain compliance. The continued listing standard will be met if the consolidated closing bid price of the Company's common stock is at least $1.00 per share for a minimum of ten consecutive business days during the 180-calendar day grace period. Under certain circumstances, the Nasdaq Staff may determine to require up to 20 business days prior to deeming the Company in compliance. If the Company is not in compliance by March 29, 2021, the Company may be afforded a second 180-calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify Nasdaq of its intention to cure the minimum bid price deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company does not regain compliance within the allotted 180-day compliance period and is not eligible for a second 180-day compliance period, the Company's common stock would be subject to delisting unless it requested a hearing before an independent Nasdaq Hearings Panel. A request for a hearing would stay any suspension or delisting action pending the hearing and any additional extension period granted by the Panel. The Company intends to monitor the closing bid price of the Company's common stock and consider its available options to resolve the non-compliance with the minimum bid price requirement. The Company's receipt of the notice does not affect the Company's business, operations or reporting requirements with the Securities and Exchange Commission. However, there can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with other Nasdaq listing criteria. Duyuru • Aug 15
LM Funding America, Inc. has completed a Composite Units Offering. LM Funding America, Inc. has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 7,142,856
Price\Range: $0.9
Security Name: Pre Funded Units
Security Type: Equity/Derivative Unit
Securities Offered: 7,142,856 Duyuru • Jul 21
Hanfor (Cayman) Limited cancelled the acquisition of LM Funding America, Inc. (NasdaqCM:LMFA) in a reverse merger transaction. Hanfor (Cayman) Limited entered into an agreement to acquire LM Funding America, Inc. (NasdaqCM:LMFA) in a reverse merger transaction on March 23, 2020. The agreement provides for a business combination transaction in which LM Funding America, Inc. will acquire all of the share capital of Hanfor in exchange for a number of shares of LM Funding America’s common stock that will result in BZ Industrial Limited, parent of Hanfor, owning 86.5% of the outstanding common stock of LM Funding America. In a related transaction, BZ Industrial Limited agreed to pay $1.25 million to LM Funding America, Inc. shortly after signing the share exchange agreement for approximately 520,833 shares of LM Funding America at $2.40 per share in a private placement. Hank Han, Chairman of Hanfor, will lead the combined company. The transaction may be terminated by any party if the closing of the exchange transaction does not occur by November 1, 2020, which under certain circumstances can be extended to March 31, 2021. Upon the termination of the agreement, LM Funding America will pay $0.5 million as termination fees to Hanfor (Cayman) Limited.
The transaction is subject to antitrust approval, regulatory approval, approval by shareholders of both LM Funding America and Hanfor and other closing conditions, which include without limitation the delivery of final audited financial statements by Hanfor, the receipt of a fairness opinion by the board of directors of LM Funding America, exercise of outstanding warrants to purchase at least 729,167 shares of LM Funding America, and satisfaction of the initial listing requirements of the Nasdaq Capital Market. Maxim Group, LLC acted as financial advisor to LM Funding America. Foley & Lardner LLP acted as legal advisor to LM Funding America, Inc. Ellenoff Grossman & Schole LLP acted as legal advisor to Hanfor.
Hanfor (Cayman) Limited cancelled the acquisition of LM Funding America, Inc. (NasdaqCM:LMFA) in a reverse merger transaction on July 14, 2020. The transaction was terminated due to the inability of BZ Industrial Limited, parent of Hanfor (Cayman) Limited, to deliver audited financials of Hanfor (Cayman) Limited by June 30, 2020, as required by the agreement. Duyuru • Jul 08
LM Funding Announces Compliance with Bid Price On July 7, 2020, LM Funding America, Inc. (“Company”) issued a press release announcing that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq") that LM Funding has regained compliance with Nasdaq's minimum bid price for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(a)(2) ("Min Bid Price Listing Rule"). On July 1, 2020, the Company received a letter from Nasdaq stating that Nasdaq has determined that for ten (10) consecutive business days, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. Accordingly, LM Funding has regained compliance with the Min Bid Price Listing Rule and the matter is closed. 