LM Funding America Inc (NASDAQ:LMFA) Stock Jumps 30% in a Month: Here is Why
There are now plenty of options for investors when it comes to innovative finance companies and one of those is LM Funding America Inc (NASDAQ:LMFA). It is a specialty finance company that is fundamentally dependent on innovative technology and in recent days, its stock has also performed quite strongly.
The stock was in focus among investors on Monday and managed to clock gains of 13% amidst heavy interest. As a matter of fact, the gains made by the stock yesterday took its gains for the past month to as much as 31%. The company, which is looking to move into the crypto space, made a key announcement yesterday and investors ought to take a closer look at it.
Yesterday, the company announced the pricing in relation to an underwritten public offering it will conduct. In that particular offering, the company will be offering a total of 6,315,780 shares of the LM Funding America common stock and in addition to that, warrants to pick up an additional 6,315,780 shares are also going to be offered.
The offering is going to be made in the form of a unit consisting of one share of the common stock and one warrant. The units in question are going to be offered for the price of $4.75 each. It goes without saying that it was a major announcement from the company and one that seems to have come as a source of optimism among many investors.
In this context, it is perhaps also necessary to point out that the warrants could be exercised immediately at a price of $5 a share of the LM Funding America common stock. The warrants are going to expire five years from the day of issuance.
Although the common shares and warrants are being combined into one unit, they could be separated immediately after the purchase is completed. The offering is expected to be closed today as long as the usual closing conditions are met. It is going to be interesting to see if the stock remains on the radars of investors today. It could be a good idea to keep an eye on LM Funding America today.
Sphere 3D Corp (NASDAQ:ANY) Stock Forms Bullish Trend: Jumps 380% YTD
Bitcoin-related stocks have had a pretty good time in recent days and one of those is the Sphere 3D Corp (NASDAQ:ANY) stock. Over the course of the past week, the stock has come into sharp focus among investors, and during the period, it managed to clock gains of as much as 16%.
It goes without saying that such gains are likely to bring the stock into focus this week and hence, investors could do well to take a closer look at Sphere 3D. The positive trigger for the stock actually came last week after the company announced that it signed a critical new agreement with Gryphon Digital Mining. As per the terms of the agreement, Gryphon is going to be responsible for supplying Sphere 3D with 230 MW worth of carbon-neutral Bitcoin mining hosting power.
The capacity is going to be managed by Sphere 3D’s hosting partner Core Scientific. In this context, it should be noted that the hosting agreement that was bagged by Core Scientific is the biggest it has had in its history.
More importantly, it is another step towards Gryphon and Sphere 3D becoming the biggest carbon-neutral Bitcoin miners in the world. Considering the fact that Bitcoin has come in for heavy criticism due to the sort of power that is consumed for mining the cryptocurrency, it is a step that might have come as a source of great optimism for many investors.
The Chief Executive Officer of Sphere, Peter Tassiopoulos stated that both Sphere, as well as Gryphon, are committed to professionalizing the cryptocurrency industry. He went on to state that both the companies were highly excited at the prospect of working with a big-ticket company like Core Scientific in the venture. Sphere 3D is primarily a company that is involved with data visualization and management solutions.
However, the latest move from the company seems to have come as a source of significant excitement among investors. After the gains made by the Sphere 3D stock in the past week, it is now going to be interesting to see if the stock can continue to add to its gains this week.
DatChat Inc (NASDAQ:DATS) Stock Makes An Interesting Move After The News
Messaging apps have only risen in popularity in recent times and investors who might be looking into fresh opportunities in this sector could consider taking a look at the DatChat Inc (NASDAQ:DATS) stock.
Although it is a small player in the privacy focussed messaging space at this point, it should be noted that DatChat went public earlier this year on August 12, and in recent days, the stock has been a strong performer. The DatChat stock has managed to deliver gains of as much as 43% over the course of the past week and it might be the right time for investors to take a closer look.
The company had been established back in 2014 and at this point in time, it only caters to 22572 users. That is a minuscule figure when it comes to messaging apps and nowhere near the numbers generated by its competitors.
While that may be the case, the company’s stock has performed strongly and has gone up fourfold since its IPO. The rally in the stock may have been strong but experts believe that those gains may not be actually sustainable. The company has not monetised its customers and hence, it is perhaps not surprising that since its launch in 2014 it has not generated any revenues at all.
As a matter of fact, many investors might in fact wonder about the reasons why the company actually went public considering the fact that in its last reported quarter DatChat suffered a loss of as much as $996,771.
However, the company has argued that it is in need of more capital in order to implement its plans and also to operate the whole thing smoothly. It has been suggested that DatChat is currently looking to add more features to its app and that is a major part of the current business plan that has been put in place. However, the current valuation of the company is pegged at a north of $250 million and experts believe that it is overvalued. Hence, it might be a good idea for investors to tread a bit carefully.