SplitJul 10, 2026, 08:37 AM
LM Funding Announces 1-for-25 Reverse Stock Split
AI Summary
LM Funding America, Inc. announced a 1-for-25 reverse stock split, effective July 13, 2026, to regain compliance with Nasdaq's minimum $1.00 bid price requirement. Nasdaq granted the company an extension until January 4, 2027, to meet the listing standard. The company's CEO highlighted a strategic expansion into high-performance computing and AI infrastructure, leveraging existing facility assets to create shareholder value.
Key Highlights
- LM Funding announced a 1-for-25 reverse stock split.
- The reverse stock split will be effective on July 13, 2026.
- The split aims to regain compliance with Nasdaq's $1.00 bid price rule.
- Nasdaq granted an extension until January 4, 2027, for compliance.
- The company is expanding into high-performance computing and AI infrastructure.
- LM Funding holds 322.7 Bitcoin as of May 31, 2026.
- No fractional shares will be issued; rounded up to the next whole share.
Price Impact
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