Lm funding america, inc. acquires assets of symbiont.io, inc. from chapter 11 bankruptcy

Tampa, june 06, 2023 (globe newswire) -- lm funding america, inc.  (nasdaq: lmfa) (“lm funding” or the “company”), a bitcoin 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, was approved by the bankruptcy court on june 2, 2023.  lm funding was the sole secured creditor for symbiont as a result of a $2 million secured loan it made to symbiont in december 2021, and has now acquired symbiont's assets with a credit bid.
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