LM Funding Raises $1.3M with Registered Direct Offering, Sells 1.82M Shares.

LM Funding America, a Bitcoin treasury and mining company, has entered into a registered direct offering with institutional investors to purchase 1,822,535 shares of common stock and 7,332,395 pre-funded warrants. The combined offering price is $0.71 per share, with accompanying warrants exercisable at $0.71 and expiring in five years. The company also agreed to reduce the exercise price on outstanding warrants held by an investor.