LM Funding America (LMFA) draws $700,000 second-tranche funding

LM Funding America (LMFA) drew the $700,000 second tranche under its amended loan with SE & AJ Liebel Limited Partnership.

Rhea-AI Filing Summary

LM Funding America (LMFA) drew the $700,000 second tranche under its amended loan with SE & AJ Liebel Limited Partnership. The company gave notice on October 21, 2025, and the lender advanced the funds the same day, net of loan fees.

The September 2025 amendment expanded borrowing up to $2.0 million, consisting of a $1.3 million advance at amendment signing and a $700,000 tranche the company could later draw. This filing records the creation of that direct financial obligation.

Insights

Credit & capital structure analyst

LMFA tapped a remaining $700,000 loan tranche; routine liquidity move.

The company exercised its right to draw the second tranche of $700,000 under a prior amendment, with proceeds delivered on October 21, 2025 net of fees. The amendment authorized up to $2.0 million, structured as a $1.3 million initial advance plus this follow-on tranche.

This is a standard financing draw that adds debt and cash simultaneously. Specific interest rate, covenants, and maturity details are referenced to prior agreements, so potential balance sheet impact depends on those terms.

Subsequent filings may provide detail on fee magnitude and ongoing debt service, which will shape net cash benefits over time.

8-K Event Classification

2 items: 2.03, 9.01

2 items

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did LM Funding America (LMFA) announce in this 8-K?

LMFA drew the second loan tranche of $700,000 under its September 2025 loan agreement amendment with SE & AJ Liebel Limited Partnership.

When was the $700,000 second tranche funded for LMFA?

The company gave notice and the lender advanced funds on October 21, 2025, net of loan fees.

What is the total capacity under the amended loan for LMFA?

The amendment provided up to $2.0 million in borrowing capacity.

How was the $2.0 million structured in the loan amendment?

It included a $1.3 million advance at signing and a $700,000 second tranche the company could draw later.

Who is the lender for LM Funding America’s amended loan?

The lender is SE & AJ Liebel Limited Partnership.

Is the funding amount net of fees for LMFA’s second tranche?

Yes. The $700,000 second tranche was advanced net of certain loan fees.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/24/2025 - 04:07 PM Learn about SEC filing dates

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 21, 2025

LM FUNDING AMERICA, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-37605	47-3844457
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
1200 West Platt Street Suite 100
Tampa, Florida				33606
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 813 222-8996

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock par value $0.001 per share		LMFA		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.03 Creation of a Direct Financial Obligation

SE & AJ Liebel Second Tranche Funding

As previously disclosed, on September 15, 2025, LM Funding America, Inc. (the “Company”) entered into an Amendment to Loan Agreement and Loan Documents (the “Loan Agreement Amendment”) by and among the Company, each of LM Funding, LLC and US Digital Mining and Hosting Co., LLC (subsidiaries of the Company), as guarantors (jointly and severally, the “Guarantors”), and SE & AJ Liebel Limited Partnership, as lender (the “Lender”). The Loan Agreement Amendment amended the Loan Agreement previously entered into on August 6, 2024, among the Company, the Guarantors, and the Lender. Pursuant to the Loan Agreement Amendment, the Company obtained an additional loan of up to $2.0 million from the Lender comprised of a $1.3 million advance on the date of the Loan Agreement Amendment and an additional borrowing in the amount of $700,000 that the Company had the right to draw down in a second tranche (the “Second Tranche”).

In accordance with the terms of the Loan Agreement Amendment, on October 21, 2025, the Company provided notice to the Lender requesting funding of the Second Tranche in an amount equal to $700,000, and on the same day, the Lender advanced the Second Tranche to the Company net of certain loan fees.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
4.1		Promissory Note, dated September 16, 2025 (incorporated by reference to the Current Report on Form 8-K filed September 18, 2025)
10.1		Loan Agreement Amendment, dated as of September 16, 2025, by and among the Company, LM Funding, LLC, US Digital Mining and Hosting Co., LLC, and SE & AJ Liebel Limited Partnership (incorporated by reference to the Current Report on Form 8-K filed September 18, 2025)
104		Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			LM Funding America, Inc.
Date:	October 24, 2025	By:	/s/ Richard Russell
			Richard Russell, Chief Financial Officer