LM Funding Announces 1-for-6 Reverse Stock Split to Ensure Compliance with Nasdaq Continued Listing Requirements and to Attract a Broader Audience of Investors
LM Funding America, Inc. (LMFA)
US:NASDAQ Investor Relations:
ir.lmfunding.com/investor-overview
Company Research
Source: GlobeNewswire
TAMPA, FL , March 08, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or "LMFA"), a cryptocurrency mining and technology-based specialty finance company, today announced a 1-for-6 reverse stock split of its outstanding common stock, effective at 12:01 a.m. Eastern time on March 12, 2024. Beginning March 12, 2024, LM Funding’s common stock will trade on a split-adjusted basis. Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "We believe that our business fundamentals are currently strong and that we continue to make good progress, as evidenced by our 1700% year-over-year revenue growth in the third quarter of 2023. Notably, as previously reported, the stockholders’ equity of LM Funding was $35.9 million, or $2.45 per share (or $14.70 per share after giving effect to the reverse split announced today), as of September 30, 2023, and yet our current share price remains below the Nasdaq minimum bid price requirement of $1.00. We believe this share
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- LM Funding America, Inc. Announces the Appointment of Marty Traber to its Board of DirectorsGlobeNewswire
- LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended March 31, 2024GlobeNewswire
- All You Need to Know About LM Funding America (LMFA) Rating Upgrade to Strong Buy [Yahoo! Finance]Yahoo! Finance
LMFA
Analyst Actions
- 4/3/24 - HC Wainwright
LMFA
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/29/24 - Form 8-K
- 4/26/24 - Form 4
- LMFA's page on the SEC website