---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-073439"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:22:54.826538+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LM Funding sells Symbiont blockchain assets to Platonic for $2M cash

## Summary
- Sale price $2M cash; $200K held in indemnity escrow until Dec 26, 2024.
- Symbiont assets acquired in June 2023 were recorded at $2M on LMFA's books.
- Proceeds to fund new mining machines ahead of Bitcoin halving expected in Q2 2024.
- Transaction closed Dec 27, 2023; strengthens balance sheet and working capital.

## SEC filing metadata
- accession: 0000950170-23-073439
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000095017023073439/0000950170-23-073439-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000095017023073439/lmfa-20231227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-073439
- JSON: https://secwatch.observer/filing/0000950170-23-073439.json
- Plain text: https://secwatch.observer/filing/0000950170-23-073439.txt

## Key facts
- Material Agreements
  LM FUNDING AMERICA, INC. entered into Asset Purchase Agreement with Platonic Holdings Inc. valued at $2.0 million (effective 2023-12-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Platonic Holdings Inc.
  - Value: $2.0 million
  - Effective: 2023-12-26
  source text: On December 26, 2023, LM Funding America Inc. ("Company") entered into an Asset Purchase Agreement ("APA") with Platonic Holdings Inc. ("Platonic") pursuant to which the Company agreed to sell to Platonic the technology assets of Symbiont.io, LLC that the Company previously acquired on June 5, 2023 (the “Symbiont Assets”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640384/000095017023073439/0000950170-23-073439-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.