secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0000950170-23-053303
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LM Funding America receives Nasdaq extension to April 2024 to regain $1 bid price
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017023053303/0000950170-23-053303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017023053303/lmfa-20231012.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-053303

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