other material
confidence high
sentiment neutral
materiality 0.65
LM Funding America prices $6.5M registered direct offering at $0.71/unit
LM FUNDING AMERICA, INC.
- Combined effective price $0.71 per share (or pre-funded warrant in lieu) plus one common warrant.
- Gross proceeds ~$6.5M to expand Bitcoin treasury and for general corporate purposes.
- Warrant exercise price on 3.47M outstanding shares reduced from $2.95 to $0.87, subject to stockholder approval.
- Common warrants exercisable upon stockholder approval; expire 5 years from that date.
- Maxim Group LLC sole placement agent; closing expected December 22, 2025.