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LM Funding appears to have had a successful reverse-split of its stock.
On Wednesday, the company was back in Nasdaq compliance and trading at $2.93 at close. On Thursday morning, the stock almost hit $3 in intraday trading.
One big question LM Funding America had when it offered a 1-for-6 reverse stock split of outstanding common stock was, would it work? Would it bring LM Funding back into market compliance after combining shares March 12?
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