Wu says that Nasdaq-listed Bitcoin mining company and reserve company LM Funding America (LMFA) announced the completion of a registered direct investment financing, issuing common stock and pre-paid warrants to institutional investors, with a total fundraising of approximately $6.5 million. The offering price is $0.71 per share, and the warrants have an exercise price of $0.71, with a term of 5 years after shareholder approval. The transaction is expected to be completed around December 22.
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Wu says that Nasdaq-listed Bitcoin mining company and reserve company LM Funding America (LMFA) announced the completion of a registered direct investment financing, issuing common stock and pre-paid warrants to institutional investors, with a total fundraising of approximately $6.5 million. The offering price is $0.71 per share, and the warrants have an exercise price of $0.71, with a term of 5 years after shareholder approval. The transaction is expected to be completed around December 22.