secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K/A
Filed at:   2026-08-10T12:33:18+00:00
Accession:  0001193125-26-341362
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 2.03, 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PowerCompute refinances $18M debt with Arch Lending at ~2% APR, using 307 BTC collateral
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- Borrowed $18,127,131.88 on Aug 3, 2026 via non-recourse, collared 30-day rolling loan secured by 307 Bitcoin.
- Refinances three prior loans: $11M Galaxy Digital, $5M and $2M from SE and AJ Liebel (total ~$18M).
- Interest rate ~2% APR vs 12% on prior Liebel loans, substantially lowering cost of debt.
- Loan rolls over every 30 days with re-set rates/floors; proceeds paid off July 27 bridge loans.
- Company retains Bitcoin exposure and avoids selling holdings, supporting HPC/AI growth strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000119312526341362/0001193125-26-341362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000119312526341362/lmfa-20260803.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-341362

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