LM Funding Sells Symbiont’s Blockchain Technology to Platonic Holdings Inc.

December 29, 2023

https://www.globenewswire.com/news-release/2023/12/28/2801723/0/en/LM-Funding-Sells-Symbiont-s-Blockchain-Technology-to-Platonic-Holdings-Inc.html

TAMPA, FL, Dec. 28, 2023 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ:LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today announced that it has signed an agreement to sell Symbiont’s blockchain technology for $2 million to Platonic Holdings Inc. Two hundred thousand of the sale price will be held in escrow until December 26, 2024. LM Funding acquired the assets of Symbiont.IO as debtor in possession in its Chapter 11 bankruptcy case and they are recorded on the Company’s books for $2 million.

Read more at globenewswire.com

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