LM Funding America Prices $2.6M Registered Direct Offering
Portfolio Pulse from Benzinga Newsdesk
LM Funding America, Inc. (NASDAQ:LMFA) has announced a $2.6 million registered direct offering and concurrent private placement. The offering includes 278,000 shares of common stock and 605,000 pre-funded warrants, along with Series A and B warrants. The offering is expected to close around August 19, 2024.
August 16, 2024 | 1:31 pm
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LM Funding America has announced a $2.6 million registered direct offering and concurrent private placement, which includes shares and warrants. This move is expected to provide the company with additional capital but may dilute existing shareholders.
The issuance of new shares and warrants will likely dilute the value of existing shares, leading to a potential short-term decrease in stock price. However, the additional capital could be beneficial for the company's operations in the long term.
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