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LM Funding America Announces Pricing of Registered Direct Offering for Aggregate Gross Proceeds of $6.5 Million

LMFA
  • LM Funding America, Inc. (NASDAQ: LMFA) entered into securities purchase agreements to sell 1,822,535 common stock shares & 7,332,395 pre-funded warrants alongside 9,154,930 aggregate warrants in a registered direct offering.
  • The combined effective offering price for each share or pre-funded warrant & accompanying warrant is $0.71.
  • New warrants have an exercise price of $0.71, become exercisable upon stockholder approval, & expire five years after such approval.
  • The Company agreed to reduce the exercise price on 3,472,740 outstanding warrants from $2.95 to $0.87 & extend their term to five years, subject to stockholder approval.
  • Gross proceeds from the offering are estimated at approximately $6.5 million before fees & expenses.
  • The offering is expected to close on or about December 22, 2025, subject to customary closing conditions.
  • Maxim Group LLC is acting as the sole placement agent for the transaction.
  • The securities are offered pursuant to an SEC-effective Form S-3 shelf registration statement declared on November 21, 2024.
  • LM Funding America operates as a Bitcoin treasury & mining company & a specialty finance business for nonprofit community associations in Florida.