{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-260795","form_type":"8-K","ticker":"LMFA","cik":"0001640384","company_name":"LM FUNDING AMERICA, INC.","filed_at":"2025-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.022751+00:00","generated_at":"2026-05-17T01:07:19.070243+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"LM Funding repurchases 3.3M shares/warrants for ~$8M; borrows $11M from Galaxy Digital","bullets":["Repurchased 3,308,575 shares and associated warrants (adjusted to 7,248,787 warrant shares) for ~$8M from Aug 2025 private placement investors.","Funded repurchase via $11M draw on new Master Digital Currency Loan Agreement with Galaxy Digital LLC, secured by Bitcoin.","Loan facility allows borrowing USD and digital assets (Bitcoin, Ether); initial 1-year term, auto-renew, secured by cash/digital collateral."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-260795","json":"https://secwatch.observer/filing/0001193125-25-260795.json","markdown":"https://secwatch.observer/filing/0001193125-25-260795.md","text":"https://secwatch.observer/filing/0001193125-25-260795.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1640384/000119312525260795/0001193125-25-260795-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1640384/000119312525260795/lmfa-20251029.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:07:19.070243+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cc316acdabf7eb7e1d34b7908fb51c5f47080459","claim":"LM FUNDING AMERICA, INC. incurred loan of $11 million with Galaxy Digital LLC maturing one year.","evidence_excerpt":"On October 30, 2025, the Company made a draw under the Loan facility and borrowed a principal sum of $11 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1640384/000119312525260795/0001193125-25-260795-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$11 million"},{"label":"Counterparty","value":"Galaxy Digital LLC"},{"label":"Maturity","value":"one year"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}