LM Funding Regains Compliance with Nasdaq Continued Listing Requirements
27 Marzo 2024 - 1:30PM
LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the
“Company") a cryptocurrency mining and technology-based specialty
finance company, announced that the Company received notice from
Nasdaq on March 26, 2024, indicating that LM Funding had regained
compliance with the minimum bid price requirement under Nasdaq Rule
5550(a)(2).
Bruce M. Rodgers, Chairman and CEO of LM Funding, commented, “We
are pleased to have regained compliance with the continued listing
requirements of Nasdaq. The preservation of our Nasdaq listing is
paramount to the Company, given the credibility and exposure it
offers. As our business progresses and gains momentum, we believe
our listing is vital to our mission of enhancing shareholder value
and strategically aligning the Company for ongoing success.”
About LM Funding AmericaLM Funding America, Inc. (Nasdaq:
LMFA), together with its subsidiaries, is a cryptocurrency mining
business that commenced Bitcoin mining operations in September
2022. The Company also operates a technology-based specialty
finance company that provides funding to nonprofit community
associations (Associations) primarily located in the state of
Florida, as well as in the states of Washington, Colorado, and
Illinois, by funding a certain portion of the Associations' rights
to delinquent accounts that are selected by the Associations
arising from unpaid Association assessments.
Forward-Looking StatementsThis press
release may contain forward-looking statements made pursuant to the
Private Securities Litigation Reform Act of 1995. Words such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,”
and “project” and other similar words and expressions are intended
to signify forward-looking statements. Forward-looking statements
are not guaranties of future results and conditions but rather are
subject to various risks and uncertainties. Some of these risks and
uncertainties are identified in the Company's most recent Annual
Report on Form 10-K and its other filings with the SEC, which are
available at www.sec.gov. These risks and uncertainties include,
without limitation, uncertainty created by the risks of entering
into and operating in the cryptocurrency mining business,
uncertainty in the cryptocurrency mining business in general,
problems with hosting vendors in the mining business, the capacity
of our Bitcoin mining machines and our related ability to purchase
power at reasonable prices, the ability to finance and grow our
cryptocurrency mining operations, our ability to acquire new
accounts in our specialty finance business at appropriate prices,
the potential need for additional capital in the future, changes in
governmental regulations that affect our ability to collected
sufficient amounts on defaulted consumer receivables, changes in
the credit or capital markets, changes in interest rates, and
negative press regarding the debt collection industry. The
occurrence of any of these risks and uncertainties could have a
material adverse effect on our business, financial condition, and
results of operations.
Contact:Crescendo Communications, LLCTel: (212)
671-1021Email: LMFA@crescendo-ir.com
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