LM Funding America Announces Stalking Horse Bid To Purchase Assets Of Symbiont.io Out Of Chapter 11 Bankruptcy For $2.6M
Portfolio Pulse from Benzinga Newsdesk
LM Funding America has announced a stalking horse bid to purchase the assets of Symbiont.io for $2.6 million as the company undergoes Chapter 11 bankruptcy.
May 23, 2023 | 12:31 pm
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POSITIVE IMPACT
LM Funding America's stalking horse bid for Symbiont.io's assets may provide potential growth opportunities if the acquisition is successful.
LM Funding America's bid to acquire Symbiont.io's assets could provide the company with potential growth opportunities if the acquisition is successful. This may positively impact LMFA's stock price in the short term as investors may see this as a strategic move to expand the company's portfolio and capabilities.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100