Bitcoin, stock split boost Tampa company's shares


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  • | 10:00 a.m. March 21, 2024
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LM Funding America's CEO Bruce Rodgers and CFO Richard Russell, in their Tampa office with a Bitcoin-mining machine.
LM Funding America's CEO Bruce Rodgers and CFO Richard Russell, in their Tampa office with a Bitcoin-mining machine.
Photo by Mark Wemple
  • Tampa Bay-Lakeland
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LM Funding appears to have had a successful reverse-split of its stock.

On Wednesday, the company was back in Nasdaq compliance and trading at $2.93 at close. On Thursday morning, the stock almost hit $3 in intraday trading.

One big question LM Funding America had when it offered a 1-for-6 reverse stock split of outstanding common stock was, would it work? Would it bring LM Funding back into market compliance after combining shares March 12?

 

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