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LM Funding Announces Filing of SPAC Registration Statement
TAMPA, FL / ACCESSWIRE / January 8, 2021 / LM Funding America, Inc. (NASDAQ:LMFA) (the "Company") today announced that LMF Acquisition Opportunities, Inc., a
About this update from Lm Funding America, Inc.
[{"type":"text","content":"TAMPA, FL / ACCESSWIRE / January 8, 2021 / LM Funding America, Inc. (NASDAQ:LMFA) (the \"Company\") today announced that LMF Acquisition Opportunities, Inc., a special purpose acquisition company and an indirect subsidiary of the Company (\"LMF Acquisition\"), filed a Registration Statement on Form S-1 (the \"Registration Statement\") with the Securities and Exchange Commission (\"SEC\") in connection with a proposed initial public offering of its units. LMF Acquisition intends to search for a target in the financial services industry, including potentially the financial technology (FinTech) sector, and related sectors.The proposed public offering is expected to have a base offering size of $75 million, or up to $86.25 million if the underwriters' over-allotment option is exercised in full. LMF Acquisition is directly owned by LMFAO Sponsor, LLC, a Florida limited liability company (\"LMFAO Sponsor\") that was organized by, and to which the initial capital was contributed by, the Company and affiliates of its executive officers. Under the terms of the proposed public offering, LMFAO Sponsor would own 20% of LMF Acquisition's issued and outstanding common stock upon the consummation of the offering. LMF Acquisition will be managed by the Company's management team.Maxim Group LLC is acting as sole book-running manager for the offering.When available, copies of the prospectus related to the proposed initial offering by LMF Acquisition may be obtained for free by visiting Edgar on the SEC's website at www.sec.gov or from Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, at (212) 895-3745.The Registration Statement relating to the securities of LMF Acquisition has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Forward-Looking Statements:This Press Release may contain \"forward-looking statements\" within the meaning of the Private Securities Litig...