---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-328694"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2025-12-22T23:59:59+00:00"
generated_at: "2026-05-16T12:25:18.151427+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# LM Funding America prices $6.5M registered direct offering at $0.71/unit

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-328694
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2025-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000119312525328694/0001193125-25-328694-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000119312525328694/lmfa-20251219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-328694
- JSON: https://secwatch.observer/filing/0001193125-25-328694.json
- Plain text: https://secwatch.observer/filing/0001193125-25-328694.txt

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