SCHEDULE 13G/A: Armistice Capital and Steven Boyd Disclose 9.99% Stake in LM Funding America

Armistice Capital, LLC and Steven Boyd have filed an amended Schedule 13G, revealing a shared beneficial ownership of 9.99% in LM Funding America, Inc.'s common stock as of December 31, 2024.

Summary

• Armistice Capital, LLC and Steven Boyd, collectively referred to as the "Reporting Persons," have filed an Amendment No. 1 to Schedule 13G.
• They beneficially own 404,151 shares of LM Funding America, Inc.'s common stock.
• This ownership represents 9.99% of the company's common stock.
• The Reporting Persons hold shared voting power and shared dispositive power over all 404,151 shares.
• Armistice Capital, LLC acts as the investment manager for Armistice Capital Master Fund Ltd., which is the direct holder of the shares.
• Steven Boyd is identified as the managing member of Armistice Capital, LLC.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing disclosing beneficial ownership. It does not contain information that inherently implies positive or negative sentiment beyond the disclosure itself.

Positives

• A significant institutional investor, Armistice Capital, LLC, maintains a substantial stake in LM Funding America, Inc., indicating continued investment interest.
• The filing explicitly states that the investment is for ordinary course of business and not for the purpose of changing or influencing control, which can provide stability and reduce concerns about activist interventions.

Future Outlook

NA

Industry Context

This is a standard disclosure required by the U.S. Securities and Exchange Commission (SEC) when an institutional investor acquires more than 5% of a company's voting securities and does not intend to influence control. It provides transparency regarding significant ownership stakes in publicly traded companies, which is a routine aspect of capital markets.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake, confirming a large investor's position in the company.
• Employees, Customers, Suppliers, Creditors: Minimal direct impact as this filing is purely about ownership disclosure and does not indicate operational changes, financial distress, or strategic shifts.

Key Dates

Keywords

LM Funding America, Armistice Capital, Steven Boyd, Schedule 13G, beneficial ownership, common stock, institutional investment, SEC filing, equity stake