LM Funding America Inc. has announced that it has entered into securities purchase agreements with institutional investors to purchase 1,822,535 shares of common stock and 7,332,395 pre-funded warrants in lieu of shares, along with warrants to purchase up to 9,154,930 shares of common stock in a registered direct offering. The offering price for each share or pre-funded warrant and accompanying warrant is $0.71, with the warrants exercisable at $0.71 per share upon stockholder approval and expiring five years from that date. Additionally, the company agreed to reduce the exercise price on outstanding warrants to purchase 3,472,740 shares from $2.95 to $0.87 and to extend the term to five years, subject to stockholder approval. The offering is expected to raise approximately $6.5 million in gross proceeds.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LM Funding America Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9605146) on December 19, 2025, and is solely responsible for the information contained therein.
Comments