Lm funding america, inc. announces stalking horse bid to purchase the assets of symbiont.io, inc. out of chapter 11 bankruptcy

Secured lender position creates opportunity to potentially acquire financial services enterprise blockchain platform tampa, fla. , may 23, 2023 /prnewswire/ -- lm funding america, inc. (nasdaq: lmfa) ("lm funding" or the "company"), a cryptocurrency mining and technology-based specialty finance company, today announced that its $2.6 million "stalking horse" bid to purchase the assets of symbiont.io, inc. ("symbiont"), which is currently in chapter 11 bankruptcy proceedings, is unopposed and expected to be approved by the bankruptcy court, and an auction that could include other bids is anticipated to take place on may 26, 2023.
LMFA Ratings Summary
LMFA Quant Ranking