LM Funding America Enters Material Agreement, Creates Financial Obligation
Ticker: LMFA · Form: 8-K · Filed: Oct 31, 2025 · CIK: 1640384
| Field | Detail |
|---|---|
| Company | Lm Funding America, INC. (LMFA) |
| Form Type | 8-K |
| Filed Date | Oct 31, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $2.41, $8 million, $11 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, 8-k
Related Tickers: LMFA
TL;DR
LMFA just signed a big deal creating a new financial obligation. Keep an eye on this.
AI Summary
LM Funding America, Inc. entered into a material definitive agreement on October 29, 2025. This agreement also created a direct financial obligation for the registrant. The filing includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or partnership for LM Funding America, Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation and material definitive agreement introduces potential financial risks and uncertainties for the company.
Key Players & Entities
- LM Funding America, Inc. (company) — Registrant
- October 29, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- Tampa, Florida (location) — Address of Principal Executive Offices
FAQ
What is the nature of the material definitive agreement entered into by LM Funding America, Inc.?
The filing states that LM Funding America, Inc. entered into a material definitive agreement on October 29, 2025, but the specific details of the agreement are not provided in this excerpt.
What type of financial obligation was created by this agreement?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on October 29, 2025.
Where is LM Funding America, Inc. headquartered?
LM Funding America, Inc.'s principal executive offices are located at 1200 West Platt Street, Suite 100, Tampa, Florida 33606.
What is the SEC file number for LM Funding America, Inc.?
The SEC file number for LM Funding America, Inc. is 001-37605.
Filing Stats: 1,152 words · 5 min read · ~4 pages · Grade level 15 · Accepted 2025-10-31 16:11:00
Key Financial Figures
- $0.001 — ich registered Common Stock par value $0.001 per share LMFA The Nasdaq Stock Mar
- $2.41 — ing of the Repurchase, the Company paid $2.41 per unit of Common Stock and associated
- $8 million — egate repurchase price of approximately $8 million. The closing of the Repurchase was comp
- $11 million — acility and borrowed a principal sum of $11 million and granted to Lender a security intere
Filing Documents
- lmfa-20251029.htm (8-K) — 65KB
- lmfa-ex10_1.htm (EX-10.1) — 70KB
- 0001193125-25-260795.txt ( ) — 249KB
- lmfa-20251029.xsd (EX-101.SCH) — 25KB
- lmfa-20251029_htm.xml (XML) — 5KB
01 Entry into a Material Agreement
Item 1.01 Entry into a Material Agreement Securities Repurchase Agreement OnOctober 29, 2025, LM Funding America, Inc. (the "Company") entered into Securities Repurchase Agreements (the "Repurchase Agreements") with seven institutional investors that participated in the Company's private placement financing that closed on August 18, 2025 (the "Sellers"). Under the Repurchase Agreements, the Company agreed to repurchase from the Sellers an aggregate of 3,308,575 shares of Company common stock, par value $0.001 per share ("Common Stock"), together with warrants ("Warrants") to purchase 3,308,575 shares of Common Stock that were issued in the August 2025 private placement and that were subsequently adjusted to represent the right to purchase an aggregate of 7,248,787 shares (the "Repurchase"). At the closing of the Repurchase, the Company paid $2.41 per unit of Common Stock and associated Warrant (a "Unit"), with each Unit consisting of one share of Common Stock and a Warrant to purchase approximately 2.19 shares of Common Stock (after giving effect to the above-described warrant adjustment), for an aggregate repurchase price of approximately $8 million. The closing of the Repurchase was completed on October 30, 2025. The foregoing description of the Repurchase Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Repurchase Agreement filed as Exhibit10.1 to this Current Report on Form8K and incorporated herein by reference. Loan Facility To fund the Repurchase, on October 29, 2025, the Company entered into a Master Digital Currency Loan Agreement (the "Loan Agreement") with Galaxy Digital LLC ("Lender"). The Loan Agreement establishes the terms and conditions pursuant to which the Company may, from time to time, borrow U.S. Dollars and/or specified digital currencies (each, a "Loan"), including Bitcoin, Ether, and other mutually agreed digital assets, from Lender (the "Loan Facility"). Loans
03 Creation of a Direct Financial Obligation
Item 2.03 Creation of a Direct Financial Obligation The information contained under Item 1.01 under the heading Loan Facility is hereby incorporated by reference into this Item 2.03
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Form of Securities Repurchase Agreement 104 Cover Page Interactive Data File (embedded within the inline XBRL document)
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: October 31, 2025 By: /s/ Richard Russell Richard Russell, Chief Financial Officer