SCHEDULE: Armistice Capital Discloses Stake in LM Funding America

Armistice Capital, LLC and Steven Boyd have reported a beneficial ownership of 9.99% in LM Funding America, Inc. common stock as of March 31, 2026.

Summary

• Armistice Capital, LLC and Steven Boyd, collectively referred to as the Reporting Persons, have filed a Schedule 13G indicating beneficial ownership of 1,661,395 shares of LM Funding America, Inc. common stock.
• This ownership stake represents 9.99% of the class of securities.
• The filing date for this event is March 31, 2026.
• Armistice Capital, LLC, a Delaware entity, acts as the investment manager for Armistice Capital Master Fund Ltd., the direct holder of the shares.
• Steven Boyd, a U.S. citizen, is the managing member of Armistice Capital, LLC and may be deemed to beneficially own the shares held by the Master Fund.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a change in beneficial ownership without providing performance metrics or strategic shifts that would inherently be positive or negative.

Positives

• Armistice Capital, LLC and Steven Boyd have disclosed a significant ownership stake of 9.99% in LM Funding America, Inc., indicating investor confidence or strategic interest.
• The filing is current as of March 31, 2026, providing up-to-date information on beneficial ownership.

Risks

• The Master Fund disclaims beneficial ownership of the securities due to its Investment Management Agreement with Armistice Capital, which could create complexities in voting or disposition rights.
• The filing is a Schedule 13G, which is typically for passive investors, but the 9.99% stake is close to the 10% threshold that often triggers more detailed Schedule 13D filings if activist intent is present.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding future performance.

Management Comments

• Armistice Capital, LLC is the investment manager of Armistice Capital Master Fund Ltd., the direct holder of the Shares, and pursuant to an Investment Management Agreement, Armistice Capital exercises voting and investment power over the securities of the Issuer held by the Master Fund and thus may be deemed to beneficially own the securities of the Issuer held by the Master Fund.
• Mr. Boyd, as the managing member of Armistice Capital, may be deemed to beneficially own the securities of the Issuer held by the Master Fund.
• The Master Fund specifically disclaims beneficial ownership of the securities of the Issuer directly held by it by virtue of its inability to vote or dispose of such securities as a result of its Investment Management Agreement with Armistice Capital.

Industry Context

StockSavvy.ai notes that significant stake disclosures by investment firms like Armistice Capital in publicly traded companies are common, especially for firms specializing in specific sectors or seeking undervalued assets. The 9.99% threshold is often a strategic point before potentially increasing influence or seeking board representation.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by Armistice Capital may influence market perception and potentially lead to increased trading volume or scrutiny of LM Funding America, Inc.'s performance.
• Management of LM Funding America, Inc.: The company's management will be aware of Armistice Capital's substantial holding and may consider their perspective in strategic decisions.

Next Steps

• The Reporting Persons will continue to hold their shares in LM Funding America, Inc.
• Future amendments to this Schedule 13G will be filed if there are changes in beneficial ownership.

Key Dates

Recommendation

This filing is a disclosure of beneficial ownership and does not contain information about the company's financial performance, strategic direction, or future outlook. Therefore, a 'hold' recommendation is appropriate based solely on this document, pending further analysis of LM Funding America, Inc.'s operational and financial health.

Keywords

LM Funding America, Armistice Capital, Steven Boyd, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, SEC Filing