secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2026-07-31T20:06:25+00:00
Accession:  0001193125-26-328471
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PowerCompute borrows $18M from Arch Lending to repay Galaxy Digital and Liebel; extends Brown Family loan to Dec 2026
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- Borrowed $18M via two bridge notes from Arch Lending (ChainFi Inc.) on July 27, 2026, to repay $18M aggregate indebtedness to Galaxy Digital LLC and DE & AJ Liebel Limited Partnership.
- Note 1: $11,005,502.75 to repay Galaxy Digital; Note 2: $7,063,342.53 to repay SE & SJ Liebel Limited Partnership (filing text says DE & AJ Liebel).
- Bridge notes mature July 31, 2026, bear interest at short-term AFR, with 15% default rate; proceeds funded directly to lenders.
- Extended $1,125,000 loan from Brown Family Enterprises to December 31, 2026 via Third Amendment dated July 28, 2026.
- Company expects to replace bridge loan with a secured term loan facility from Arch, secured by Bitcoin treasury.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000119312526328471/0001193125-26-328471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000119312526328471/lmfa-20260727.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-328471

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