LOG IN
SIGN UP

Speculator101

01/12/2021 00:27

$LM Funding as per filing of Form S-1 LMF Aquisition Opportunities Inc with SEC on 8 Jan 21.

- LMFA plans to launch its own blank-check company.

- If approved to trade on NASDAQ the ticker will change to LMAO.

- Company plans to raise $75mill through offering at $10 per unit.

Once the ticker changes to LMAO shares should start trading at $10 minimum.

LMAO will target companies in financial services and tech sector.

Merger with? Unknown at this time.

Anyone willing to add anything more of value...you know what to do.
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.

Like

Share to:

Download the Webull App and join community for discussions about the post. Download

All Comments(6)

Speculator10101/12/2021 01:01
Sorry guys. I believe my original post was misleading. It seems like our shares will stay as LMFA.

LMFA has a subsidiary (subdivision) called LM Funding. It is this company that will change it’s ticker to LMAO.

To participate/benefit in the SPAC merger you would need to purchase “LMAO” which could possibly be priced at $10 per share at IPO (I’m not 100% certain).

We can only speculate that this will add value to the parent company which is LMFA. Damn, it’s hard to judge what would be an acceptable PT for the future.

Like

ord***com01/12/2021 00:46
would existing shares become worth $10 or would you just have first crack at purchasing shares at $10 and/or converting say 5 $2 shares into one at the new price?

Speculator10101/12/2021 01:20

According to my understanding now, we keep our LMFA shares as is. Nothing will change. LMFA owns 20% of the company that will be listed as LMAO. At this time we can only speculate how this will impact the price of LMFA.

Like

Rogue_Popcorn01/12/2021 00:44
So when this happens and the ticker is changed, we keep our shares but they are now valued at 10.0 minimum, just that easy?

Speculator10101/12/2021 01:15

I wish it were. But LMFA won’t be changing. They are sponsoring a subsidiary company within LMFA. It’s this company that will trade at $10 on NASDAQ under ticker LMAO.

LMFA would own 20% of LMAO. Theoretically this should boost the price of LMFA. By how much is anyone’s guess. Perhaps a good PT would be $8-$10.

Like

Speculator10101/12/2021 00:42
Yeah I was just reading that. So LMFA will stay the same. Its the subsidiary “LM Funding” that’s applying as a blank-check company to be listed on NASDAQ under the ticker “LMAO”.

This was confusing at first but now it makes sense.

Like

sha**2021=1,000%01/12/2021 00:37
so the answer to my question is yes.... upon approval LMFA will BECOME A SPAC, and we would then own LMAO, which would be valued@10 the day off offering..... would we also get the warrants?

Like

newbie01/12/2021 00:30
I was under impression this ticker LMFA will not change, they are getting a new ticker for ipo LMAO

Like

Hot Article
#earnings season There are more than 130 companies scheduled to report earnings this week, including
$Netflix,
$Bank of America,
$Goldman Sachs,
$Procter Gamble,
$Intel,
$Charles Schwab,
$UnitedHealth,
$Morgan Stanley,
$ASML Holding, and more.

You can head over to the Market tab to check out more details on upcoming earnings. Webull News 01/19/2021 10:32
$Palantir Technologies Inc. 🤯 $170,000.00 gains today & 300k Gains in the last 3 months 💎🙌 CLICK ON MY NAME & ADD ME ❤ if you want to find out how I do it 🤷‍♂️ or not it's up to you.CEO - Minuteman Power Services 01/22/2021 21:54