LM FUNDING AMERICA, INC. (LMFA): Nasdaq/NYSE listing notice — LM Funding America receives Nasdaq extension to April 2024 to regain $1 bid price

LM FUNDING AMERICA, INC.

Nasdaq grants additional 180-day compliance period until April 8, 2024, for minimum bid price requirement.
Company failed to regain compliance by original deadline of October 11, 2023.
To regain compliance, closing bid price must be at least $1.00 per share for 10 consecutive business days.
Company may implement a reverse stock split no later than 10 business days before the deadline.
If not compliant by April 8, 2024, common stock (LMFA) will be subject to delisting unless appeal is filed.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

LM FUNDING AMERICA, INC. received a nasdaq extension granted notice regarding minimum bid price.

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price

Exact text from the filing

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

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Source: SEC EDGAR

accession 0000950170-23-053303

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