LM FUNDING AMERICA, INC. (LMFA): M&A transaction — LM Funding closes $7.3M acquisition of 15MW Oklahoma mining site and raises $5.1M via warrant exercise

LM FUNDING AMERICA, INC.

Acquired 15MW mining site in Oklahoma for $7.3M: $1.1M cash + $3.7M loan credit + $2.5M escrow for seller obligations.
Site has 60MW potential with $0.04/kwh power; option to purchase underlying land after Dec 2026.
Warrant exercise with institutional investor: 1.74M shares at $2.98, gross proceeds $5.1M; received new 5-year warrants at $2.95.
New warrants for 3.47M shares; funds to buy more efficient miners and acquire additional sites.
Company expects 562 petahash capacity at Oklahoma site in Q1 2025, addition to Core Scientific hosting.

item 2.01 item 1.01 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

LM FUNDING AMERICA, INC. completed an acquisition involving Tech Infrastructure JV I LLC for approximately $7.3 million (closed 2024-12-06).

Action: acquisition
Counterparty: Tech Infrastructure JV I LLC
Consideration: approximately $7.3 million
Closing: 2024-12-06

Exact text from the filing

Asset Purchase Agreement (the “Purchase Agreement”) entered into on November 14, 2024 by and among the Company, US Digital, and Seller. The total purchase price of approximately $7.3 million was paid as follows: (i) approximately $1.1 million was paid by the Company to Seller in cash at the closing; (ii) approximately $3.7 million was credited against outstanding

View on SEC.gov

9 m&a transactions filed in the last 30 days. Browse all m&a transactions →

LM FUNDING AMERICA, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-134614

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.