LM Funding America raises $6.5M in registered direct offering.

LM Funding America has priced a registered direct offering for $6.5 million in gross proceeds. The offering includes the purchase of 1,822,535 shares of common stock, 7,332,395 pre-funded warrants, and warrants to purchase up to 9,154,930 shares of common stock. The combined effective offering price is $0.71 per share, and the warrants have an exercise price of $0.71.