secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0000950170-22-026677
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

LM Funding America receives Nasdaq bid-price deficiency notice; granted 180-day cure period
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- Received Nasdaq notice on Dec 13, 2022 that bid price below $1.00 for 30 consecutive days; non-compliant with Listing Rule 5550(a)(2).
- Automatic 180-day grace period to regain compliance; must have closing bid >= $1.00 for 10 consecutive business days.
- If not compliant by June 12, 2023, may face delisting; considering options including reverse stock split.
- Notice does not affect business operations or SEC reporting requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017022026677/0000950170-22-026677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017022026677/lmfa-20221213.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026677

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