secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2026-08-28T21:18:19+00:00
Accession:  0001193125-26-374752
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PowerCompute unit secures $21.89M Bitcoin-backed loan from Arch Lending to refinance prior debt
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- New Collar Loan: $21,892,131.88 principal, 6.5% APR, secured by 307 BTC; floor $71,112, ceiling $75,000, barrier $93,500.
- Proceeds: ~$18.1M repaid Aug 3 Arch loan; $3.765M funded collar feature of that loan.
- Loan auto-rolls every 30 days; rates/floors reset to market; 8-K says non-recourse, but agreement states full recourse.
- Repayment: monthly interest-only payments of $118,582.38 beginning 09/24/26; balloon of $21,892,131.88 due 07/24/27.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000119312526374752/0001193125-26-374752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000119312526374752/lmfa-20260825.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-374752

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