AGN Holdings Amends LM Funding Stake Disclosure
Ticker: LMFA · Form: SC 13D/A · Filed: Feb 7, 2024 · CIK: 1640384
| Field | Detail |
|---|---|
| Company | Lm Funding America, INC. (LMFA) |
| Form Type | SC 13D/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, shareholder-update
TL;DR
**AGN Holdings updated their LM Funding stake, watch for potential shifts.**
AI Summary
AGN Holdings Ltd. filed an amended Schedule 13D/A on February 7, 2024, updating its previous filing regarding its ownership in LM Funding America, Inc. This amendment, triggered by an event on January 4, 2024, indicates a change in the information previously disclosed about their stake in LM Funding America, Inc. Investors should note this update as it reflects a modification in a significant shareholder's position or intentions, which could influence the stock's future performance.
Why It Matters
This filing signals a change in a major investor's position or plans for LM Funding America, Inc., which can impact investor sentiment and the stock's valuation.
Risk Assessment
Risk Level: medium — Changes in significant shareholder disclosures can introduce uncertainty or signal strategic shifts, leading to potential stock volatility.
Analyst Insight
An investor should monitor subsequent filings from AGN Holdings Ltd. and LM Funding America, Inc. for further details on the nature of this change, as it could indicate a shift in the investor's strategy or a potential corporate action.
Key Players & Entities
- LM FUNDING AMERICA, INC. (company) — the issuer of the securities
- AGN HOLDINGS LTD (company) — the entity filing the SC 13D/A
- Nicholas Perkell (person) — person authorized to receive notices for AGN Holdings Ltd.
- January 4, 2024 (date) — date of the event requiring the filing
- February 7, 2024 (date) — date the SC 13D/A was filed
FAQ
What is the purpose of an SC 13D/A filing?
An SC 13D/A is an amendment to a Schedule 13D, which is filed by an individual or group that acquires beneficial ownership of more than 5% of a class of a company's voting equity securities. The 'A' signifies an amendment, meaning the filer is updating previously disclosed information, as AGN Holdings Ltd. did for its stake in LM Funding America, Inc.
Who filed this specific SC 13D/A?
This SC 13D/A was filed by AGN Holdings Ltd., with its business address at 17 King Edwards Rd, Ruislip, London, United Kingdom, HA4 7AE.
Which company's securities are the subject of this filing?
The subject company for this filing is LM FUNDING AMERICA, INC., with its business address at 1200 West Platt Street, Suite 100, Tampa, FL 33606.
What was the date of the event that triggered this amendment?
The date of the event which required the filing of this amendment was January 4, 2024.
Who is the contact person for notices and communications regarding this filing?
Nicholas Perkell, located at 2nd Floor College House, 17 King Edwards Road, Ruislip, London, United Kingdom, HA4 7AE, is authorized to receive notices and communications, with a telephone number of +1 2133754504.
Filing Stats: 817 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-02-07 08:52:38
Filing Documents
- formsc13da.htm (SC 13D/A) — 21KB
- 0001062993-24-002130.txt ( ) — 22KB
Identity and Background
Item 2. Identity and Background
Source and Amount of Funds or Other Considerations
Item 3. Source and Amount of Funds or Other Considerations
Purpose of Transaction
Item 4. Purpose of Transaction
of the Schedule 13D is hereby amended and supplemented by adding the following
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: All securities reported as being beneficially owned on the reporting person have been sold
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer (a) Item 5(a) of the Schedule 13D is hereby amended and supplemented by adding the following: The aggregate number of Securities to which this Schedule D relates is none since all 1,023,000 shares reported as beneficially owned were sold as of January 4, 2024 (b) As of January 4, 2023, the Reporting Person did not own any shares and thus, ceased to be the beneficial owner of more than five percent of the shares. Explanatory Note: This Amendment No. 1 is being filed to disclose that the Reporting Person has ceased to be the beneficial owner of more than five percent of the outstanding shares of Common Stock of the Issuer. This Amendment is the final amendment to the initial Schedule 13D disclosing beneficial ownership of 1,023,000 common shares filed on October 29, 2021 and constitutes an exit filing for the Reporting Person Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 18, 2024 Dated AGN Holdings Ltd /s/ Nicholas Perkell Signature Nicholas Perkell / Director Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).