LM Funding America Inc. has announced that it has entered into securities purchase agreements with institutional investors to purchase 1,822,535 shares of common stock and 7,332,395 pre-funded warrants in lieu of shares, along with warrants to purchase up to 9,154,930 shares of common stock in a registered direct offering. The offering price for each share or pre-funded warrant and accompanying warrant is $0.71, with the warrants exercisable at $0.71 per share upon stockholder approval and expiring five years from that date. Additionally, the company agreed to reduce the exercise price on outstanding warrants to purchase 3,472,740 shares from $2.95 to $0.87 and to extend the term to five years, subject to stockholder approval. The offering is expected to raise approximately $6.5 million in gross proceeds.