LM Funding America enters into $4.7M ATM equity offering with Maxim Group

LM FUNDING AMERICA, INC.

Entered Equity Distribution Agreement with Maxim Group LLC for at-the-market offering of up to $4.7M in common stock.
Company may sell shares from time to time at prevailing market prices; no minimum offering amount required.
Agent to receive 3% cash transaction fee; agreement effective for 12 months unless terminated earlier.
Auditor consent filed for incorporation by reference into existing S-3 and S-8 registration statements; no revision to prior results.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LM FUNDING AMERICA, INC. entered into Equity Distribution Agreement with Maxim Group LLC valued at up to US$4,700,000 (effective 2023-06-26).

Action: entry
Agreement: atm program
Counterparty: Maxim Group LLC
Value: up to US$4,700,000
Effective: 2023-06-26

Exact text from the filing

On June 26, 2023, LM Funding America, Inc. (the “Company”) entered into an Equity Distribution Agreement (the “Distribution Agreement”) with Maxim Group LLC (the “Agent”), pursuant to which the Company may, from time to time, offer and sell shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), having an aggregate offering price of up to US$4,700,000 (the “Shares”), through the Agent, acting as sales agent.

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LM FUNDING AMERICA, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-029915

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