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Mint Capital Advisors Opts Out of Nomination, Remains Committed to Enhancing Shareholder Value at LM Funding America (LMFA)

Key Summary: On October 2, 2023, Mint Capital Advisors (13.3%) nominated Paul Abramowitz and Daniel Brauser for election to the Board at the 2023 AGM but decided on November 27, 2023, not to pursue the nomination, opting to work independently to drive stockholder value. Custodian Ventures LLC disclosed a 5.2% stake on July 29, 2021, supporting the company's digital assets strategy and recent $2 million purchase in digital assets, commending the Board for aligning with their strategic goals.

Market Cap: $5 million | LM Funding America, Inc., through its subsidiary, LM Funding, LLC, operates as a specialty finance company. 


Mint Capital Advisors

  • On October 2, 2023, Mint Capital Advisors (13.3%) delivered a letter to the company nominating Paul Abramowitz and Daniel Brauser  for election to the Board at the 2023 AGM. Source

  • On November 27, 2023, Mint Capital Advisors stated that it has decided not to pursue the nomination. It intends to continue to work independently to drive stockholder value at the company.

Custodian Ventures LLC 

On July 29, 2021, Custodian Ventures LLC  disclosed a 5.2% active stake in the company and stated that it has invested in the company due to the company's stated intention to explore potential acquisitions, financing activities and/or strategic transactions to maximize shareholder value following the improvement of its cash position and the digital assets strategy the Company unveiled in January 2021. Custodian Ventures commends the Board on the Company’s progress in line with this strategy to date including the announcement of both its recent purchase of $2 million in digital assets and its intent to develop transactional capabilities involving digital assets, including Bitcoin and Ether, the native cryptocurrency of the Ethereum platform, both organically and through potential acquisitions. Source

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