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LM Funding America Inc (LMFA.OQ)

LMFA.OQ on NASDAQ Stock Exchange Capital Market

0.38USD
17 Aug 2018
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$-0.01 (-2.35%)
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Latest Key Developments (Source: Significant Developments)

LM Funding America Enters Into A Master Exchange Agreement With A New York-Based Family Office
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Lm Funding America Inc ::LM FUNDING AMERICA INC - ON DEC 11, 2017 CO ENTERED INTO A MASTER EXCHANGE AGREEMENT WITH A NEW YORK-BASED FAMILY OFFICE .LM FUNDING AMERICA-UNDER DEAL, INVESTOR TO EXCHANGE 2 PROMISSORY NOTES PAYABLE BY CO, PREVIOUSLY BOUGHT BY INVESTOR FOR STOCK,WARRANTS TO BUY STOCK.LM FUNDING AMERICA INC - FIRST PROMISSORY NOTE BEING IN PRINCIPAL AMOUNT OF $2.8 MILLION AND SECOND PROMISSORY NOTE BEING IN PRINCIPAL AMOUNT OF $1.7 MILLION.  Full Article

LM Funding America Inc Says Richard Russell Joined Co As CFO
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Lm Funding America Inc ::LM FUNDING AMERICA INC SAYS ON NOV 29, RICHARD RUSSELL JOINED CO AS CHIEF FINANCIAL OFFICER - SEC FILING.  Full Article

LM Funding America implements cost cutting initiative
Wednesday, 31 Aug 2016 

LM Funding America Inc : LM Funding implements cost cutting initiative . Says has implemented a cost cutting initiative that is expected to reduce expenses by approximately $2 million annually . Measures include reducing non-sales related back office personnel by 30%, reducing back office wages up to 20% . Cost cutting measures include lowering company's executive base compensation by 30%. . Says LM Funding's president Sean Galaris will be leaving company at year-end . In additional to cost cuts and management changes, co recently listed several of REO properties for sale in South Florida market .LM Funding America Inc says cost cutting initiative is expected to be completed by beginning of Q4 2016, includes streamlining internal processes.  Full Article

BRIEF-LM Funding Says Investor Has Committed To Purchase Up To $5 Mln Worth Of Co's Common Stock

* LM FUNDING SAYS ON APRIL 2, ENTERED COMMON STOCK PURCHASE AGREEMENT WITH NEW YORK-BASED FAMILY OFFICE ("INVESTOR") - SEC FILING

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