LM Funding Sets 1-for-25 Reverse Split to Avoid Nasdaq Delisting
LMFA sits 20% above its 52-week low of $0.122.
Summary
LM Funding will execute a 1-for-25 reverse stock split effective July 10, 2026, to regain Nasdaq compliance. The move follows shareholder approval in June and a series of dilutive ATM sales that pushed the stock to $0.147. The split mechanically boosts the share price but does not address the underlying $10.1M quarterly loss or the over 20% dilution disclosed just yesterday. Post-split, the company's Bitcoin treasury remains its primary asset, but the capital structure remains under severe pressure.
At the time of this announcement, LMFA was trading at $0.15 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.6M. The 52-week trading range was $0.12 to $5.14. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.