This company, LM Funding (LMFA) filed to create its own blank check company, LM Acquisition, which wants to bring a fintech company public. Fintech companies are on fire. This new blank check company is not currently trading yet, so of course the price would rise for LMFA. As a bonus, once the offering in consumated, this company, LMFA, will own 20% of the issued and outstanding stock belonging to LM Acquisition. So yes, the price *should* be higher than it is now by Monday pm. Once LM Acquisition merges with the Fintech company of its choice after raising $75M, this company, LMFA, will own 20% of its stock... depending on how well the merger goes, and how “hot” the fintech company is, LMFA *should* rise even more. That’s the best way I can explain it.
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.