LM Funding Regains Compliance with Nasdaq Listing Standards
14 November 2018 - 10:00PM
LM Funding America, Inc. (Nasdaq: LMFA) (“LM Funding” or
the “Company”), a technology-based specialty finance
company offering unique funding solutions to community
associations, today announced that on November 12, 2018, the
Company received a letter from the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”) confirming
that the Company has regained compliance with the $1 per share
minimum bid price requirement and, on November 13, 2018, the
Company was further notified by Nasdaq that it had been deemed in
compliance with all other applicable listing requirements and that
the previously scheduled hearing before a Nasdaq Hearings Panel had
been canceled.
Accordingly, LM Funding’s common stock and
warrants will continue to be listed on The Nasdaq Capital Market
and the listing review has been closed.
About LM Funding America:LM
Funding America, Inc., together with its subsidiaries, is a
technology-based specialty finance company that provides funding to
nonprofit community associations (Associations) primarily located
in the state of Florida, as well as in the states of Washington,
Colorado and Illinois. The company offers funding to Associations
by purchasing a certain portion of the associations' rights to
delinquent accounts that are selected by the Associations arising
from unpaid Association assessments. The company is also involved
in the business of purchasing delinquent accounts on various terms
tailored to suit each Association's financial needs, including
under the company’s New Neighbor Guaranty™ program.
Forward-Looking Statements:
This press release may contain forward-looking statements made
pursuant to the Private Securities Litigation Reform Act of 1995.
Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,”
and “project” and other similar words and expressions are intended
to signify forward-looking statements. Forward-looking statements
are not guarantees of future results and conditions but rather are
subject to various risks and uncertainties. Some of these risks and
uncertainties are identified in the company's most recent Annual
Report on Form 10-K and its other filings with the SEC, which are
available at www.sec.gov. The occurrence of any of these risks and
uncertainties could have a material adverse effect on the company's
business, financial condition, and results of operations.
Company
Contact:Bruce Rodgers, Chairman and CEOLM Funding America,
Inc.Tel (813) 222-8996investors@lmfunding.com |
Investor
Contacts:Valter Pinto / Scott EcksteinKCSA Strategic
Communications Tel (212) 896-1254 / (212) 896-1210valter@kcsa.com /
seckstein@kcsa.com |
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