LM Funding America Enters Material Agreement, Completes Acquisition

Ticker: LMFA · Form: 8-K · Filed: Sep 18, 2025 · CIK: 1640384

Sentiment: neutral

Topics: material-agreement, acquisition, financial-obligation

TL;DR

LM Funding America just signed a big deal and bought something. New obligations created.

AI Summary

On September 15, 2025, LM Funding America, Inc. entered into a material definitive agreement and completed an acquisition. The company also created a direct financial obligation. This filing is a current report under the Securities Exchange Act of 1934.

Why It Matters

This 8-K filing indicates significant corporate actions, including a new agreement and an acquisition, which could impact the company's financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material agreements and completing acquisitions can introduce new financial obligations and integration challenges.

Key Numbers

Key Players & Entities

FAQ

What type of material definitive agreement did LM Funding America, Inc. enter into?

The filing states that LM Funding America, Inc. entered into a material definitive agreement, but the specific details of the agreement are not provided in this excerpt.

What was acquired in the completion of acquisition or disposition of assets?

The filing indicates the completion of an acquisition or disposition of assets, but the specific assets or entities involved are not detailed in this excerpt.

What is the nature of the direct financial obligation created by LM Funding America, Inc.?

The filing reports the creation of a direct financial obligation, but the specific terms and amount of this obligation are not disclosed in this excerpt.

What is the company's principal executive office address?

The company's principal executive offices are located at 1200 West Platt Street, Suite 100, Tampa, Florida, 33606.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is September 15, 2025.

Filing Stats: 2,097 words · 8 min read · ~7 pages · Grade level 14.7 · Accepted 2025-09-18 08:02:10

Key Financial Figures

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Additional $2.0 Million Loan On September 15, 2025, LM Funding America, Inc. (the "Company") entered into an Amendment to Loan Agreement and Loan Documents (the "Loan Agreement Amendment") by and among the Company, each of LM Funding, LLC and US Digital Mining and Hosting Co., LLC (subsidiaries of the Company), as guarantors (jointly and severally, the "Guarantors"), and SE & AJ Liebel Limited Partnership, as lender (the "Lender"). The Loan Agreement Amendment amends the Loan Agreement previously entered into on August 6, 2024, among the Company, the Guarantors, and the Lender (the "Original Loan Agreement"). Pursuant to the Loan Agreement Amendment, the Company obtained an additional loan of up to $2.0 million from the Lender (the "Additional Loan"), which is in addition to the $5.0 million loan that was made to the Company by the Lender under the original Loan Agreement (the "Initial Loan"). The Additional Loan bears interest at a rate of 12.0% per annum and will mature on September 15, 2027 (the "Maturity Date"). The Company will make monthly interest payments of all accrued and unpaid interest under the Additional Loan on the last business day of each month until the Maturity Date, and on such date the entire principal balance, together with accrued and unpaid interest, shall become due and payable. The Company may prepay the Additional Loan in whole or in part at any time without penalty. The proceeds of the Additional Loan will be used to fund the acquisition of hosting sites and/or working capital, including the funding of a part of the purchase price for the Transaction (as defined in Item 2.01 below). As provided in the Loan Agreement Amendment and the Promissory Note issued by the Company thereunder (the "Promissory Note"), an amount equal to $1.3 million of the Additional Loan was funded on the date of the Loan Agreement Amendment, and the balance of the additional loan in an amount of up to $700

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets. Mississippi Property Acquisition As previously disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on August 7, 2025, the Company, through its wholly-owned subsidiary US Digital Mining Mississippi LLC, a Mississippi limited liability company (the "Acquiror") entered into an Asset Purchase Agreement (the "Purchase Agreement"), dated as of August 1, 2025, with Greenidge Mississippi LLC, a Mississippi limited liability company ("Seller"). On September 16, 2025, the Acquiror completed the previously announced acquisition contemplated by the Purchase Agreement of the approximate 6.4 acre parcel of real property located at 249 Datco Industrial Road, Columbus, Mississippi 39707 (the "Mississippi Property"), including substantially all of the business assets of Seller located at the Mississippi Property, comprising of certain contracts, mining equipment (excluding any bitcoin miners) and certain tangible personal property, and certain rights of Seller relating to the assets being purchased (collectively, with the Mississippi Property, the "Acquired Assets"), free and clear of any liens other than certain specified liabilities of the Seller that are being assumed (collectively, the "Liabilities," and such acquisition of the Acquired Assets and assumption of the Liabilities, the "Transaction"). The total consideration paid by the Acquiror to Seller in the Transaction was approximately $3.9 million, which includes the disbursement to Seller at closing of $195,000 previously deposited by Seller as earnest money deposit. The foregoing description of the Purchase Agreement is not complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which was filed as Exhibit 2.1 to the Current Report on Form 8-K filed by the Company on August 7, 2025, and is, along with the description of the same contained in

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On September 18, 2025, the Company issued a press release regarding the closing of the Transaction. A copy of such press release is filed herewith as Exhibit 99.1 and is incorporated by reference. The disclosure in this Item 7.01 (including the exhibit) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of Section 18 of the Exchange Act, nor shall it be deemed incorporated by reference in any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent, if any, expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 4.1 Promissory Note, dated September 15, 2025 10.1 10.2 Loan Agreement Amendment, dated as of September 15, 2025, by and among the Company, LM Funding, LLC, US Digital Mining and Hosting Co., LLC, and SE & AJ Liebel Limited Partnership Bitcoin Miner Purchase and Sale Agreement, dated as of September 16, 2025, by and between US Digital Mining Mississippi LLC and Greenidge Generation LLC 99.1 104 Press Released issued September 18, 2025 Cover Page Interactive Data File (embedded within the inline XBRL document)

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainty. Words such as "anticipate," "estimate," "expect," "intend," "plan," and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, including information regarding the expected benefits to the Company and Acquiror from the Transaction and Miner Acquisition that may or may not be realized within the expected time periods. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Such statements are based on the Company's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Investors are cautioned that there can be no assurance actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various risks and uncertainties. Investors should refer to the risks detailed from time to time in the reports the Company files with the SEC, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as well as other filings on Form 10-Q and periodic filings on Form 8-K, for additional factors that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LM Funding America, Inc Date: September 18, 2025 By: /s/ Richard Russell Richard Russell, Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR

View on Read The Filing