SCHEDULE: Ayrton Capital, Alto Fund Disclose 9.99% Stake in LM Funding

Ayrton Capital LLC, Alto Opportunity Master Fund, and Waqas Khatri have disclosed a 9.99% beneficial ownership stake in LM Funding America, Inc., totaling 1,606,046 shares.

Summary

• Ayrton Capital LLC, Alto Opportunity Master Fund, SPC Segregated Master Portfolio B, and Waqas Khatri collectively reported beneficial ownership of 1,606,046 shares of LM Funding America, Inc. Common Stock.
• This ownership represents 9.99% of the company's outstanding common stock.
• The reported shares include 1,060,362 shares of Common Stock held directly and 545,684 shares issuable upon the exercise of certain warrants.
• The shares issuable from warrants are subject to a 9.99% beneficial ownership blocker.
• The percentage of class is based on 15,517,988 shares outstanding as of September 11, 2025, plus the 545,684 warrant shares.
• The reporting persons each hold sole voting and dispositive power over all 1,606,046 shares.
• The acquisition of these securities was in the ordinary course of business and not for the purpose of changing or influencing control of LM Funding America, Inc.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of beneficial ownership by passive investors, indicating a significant stake but no stated intent to influence control or operations. It's a factual report without inherent positive or negative sentiment regarding the company's performance or prospects.

Future Outlook

NA

Industry Context

This filing indicates a significant passive investment by an investment fund and its manager in LM Funding America, Inc. Such disclosures are routine for institutional investors crossing the 5% ownership threshold and typically do not imply a strategic shift or activist intent, especially given the explicit certification of passive intent.

Stakeholder Impact

• Shareholders: Increased institutional ownership may be viewed positively by some investors as a sign of confidence, though the passive nature of the investment limits direct influence.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of a passive investment and does not provide new information regarding LM Funding America, Inc.'s operational performance, financial health, or strategic direction. The reporting persons explicitly state their intent is not to influence control. Therefore, the filing itself does not warrant a change in investment thesis; existing positions should be held based on the company's fundamentals and market conditions, not this ownership disclosure.

Keywords

LM Funding America, Ayrton Capital, Alto Opportunity Master Fund, Waqas Khatri, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment