Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
LM FUNDING AMERICA, INC. completed an acquisition involving Symbiont.io, LLC for purchase price of $2,589,416 (closed 2023-06-05).
- Action
- acquisition
- Counterparty
- Symbiont.io, LLC
- Consideration
- purchase price of $2,589,416
- Closing
- 2023-06-05
Exact text from the filing
on June 5, 2023. Pursuant to the Asset Purchase Agreement, the Company purchased substantially all of the assets of Symbiont (the “Purchased Assets”) for a purchase price of $2,589,416, which was paid by means of a credit bid of the full amount of the note payable owed by Symbiont to the Company. The Purchased Assets are comprised principally of intellectual
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
LM FUNDING AMERICA, INC. entered into Asset Purchase Agreement with Symbiont.io, LLC valued at $2,589,416 (effective 2023-06-05).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Symbiont.io, LLC
- Value
- $2,589,416
- Effective
- 2023-06-05
Exact text from the filing
On June 2, 2023, the United States Bankruptcy Court for the Southern District of New York entered an order (the “Symbiont Bankruptcy Order”) approving the sale of substantially all of the assets of Symbiont.io, LLC, as debtor in possession (“Symbiont”), to LM Funding America, Inc. (the “Company”) pursuant to a form of Asset Purchase Agreement attached to the Symbiont Bankruptcy Sale Order (the “Asset Purchase Agreement”) free and clear of all liens, claims and encumbrances. The Company and Symbiont signed the Asset Purchase Agreement on June 5, 2023, and the purchase and sale of the Symbiont assets pursuant to the Asset Purchase Agreement closed on June 5, 2023.
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