secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2023-12-28T23:59:59+00:00
Accession:  0000950170-23-073439
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017023073439/0000950170-23-073439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017023073439/lmfa-20231227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-073439

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer