LM Funding America (LMFA) just unveiled an announcement.
LM Funding America, Inc. has entered into a securities purchase agreement with an institutional investor to sell shares and warrants in a combined offering, raising $2.6 million for corporate purposes, including capital, development, and Bitcoin mining machine acquisitions. The offering, priced at $2.98 per share or warrant, closed on August 19, 2024. The deal also includes a placement agency agreement with Maxim Group LLC, with a 7.5% commission and additional expense coverage. The securities offered have been registered with the SEC, and the company has committed to registering the resale of the Common Warrant Shares, ensuring compliance with the Securities Act.
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