LM Funding America, Inc. Announces the Appointment of Todd Zhang to its Board of Directors
November 21 2022 - 9:30AM
LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the
"Company"), a cryptocurrency mining and technology-based
specialty finance company, today announced the appointment of Todd
Zhang to the Company’s Board of Directors. Mr. Zhang
replaces Joel Rodgers, who is retiring from service as a director
at age 85.
Mr. Zhang has served in a variety of corporate
counsel roles where he has years of experience with matters
involving securities, corporate governance, employee benefits,
acquisitions, and compliance. On November 28, 2022, Mr.
Zhang will assume the role of Vice President, Associate General
Counsel for Intertape Polymer Group, Inc. Prior to that, Mr. Zhang
served as Director, Senior Counsel and Assistant Secretary at
Bloomin' Brands, Inc. from September 2020 to November 18, 2022, as
Director, Corporate Counsel at TECO Energy, Inc. from July 2018
through August 2020, and as an associate with the law firm DLA
Piper LLP from April 2017 to June 2018. Prior to his time with DLA
Piper LLP, Mr. Zhang held various other corporate attorney roles at
public and private companies. Mr. Zhang obtained his Juris Doctor
from Stetson University College of Law in 2011 and his Bachelor’s
Degree from the University of Florida in 2007.
Bruce Rodgers, Chief Executive Officer of LM
Funding America, Inc. commented “We are pleased to welcome Todd
Zhang to the LM Funding Board of Directors. He brings an array of
knowledge and experience across a wide array of disciplines,
including corporate governance, regulatory compliance, securities,
M&A and more. As a result, we believe he will further our
Board’s prioritization of sound corporate governance and regulatory
compliance as we move into the next phase of our Bitcoin
mining strategy. We would also like to extend our gratitude to Joel
Rodgers for his long and valuable service to our Company since its
inception and through its recent transition.”
About LM Funding America
LM Funding America, Inc., (Nasdaq: LMFA)
together with its subsidiaries, is a cryptocurrency mining business
that commenced Bitcoin mining operations in September 2022. The
Company also operates a technology-based specialty finance company
that provides funding to nonprofit community associations
(Associations) primarily located in the state of Florida, as well
as in the states of Washington, Colorado, and Illinois, by funding
a certain portion of the Associations' rights to delinquent
accounts that are selected by the Associations arising from unpaid
Association assessments.
Forward-Looking Statements
This press release may contain forward-looking
statements made pursuant to the Private Securities Litigation
Reform Act of 1995. Words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “plan,” and “project” and other
similar words and expressions are intended to signify
forward-looking statements. Forward-looking statements are not
guaranties of future results and conditions but rather are subject
to various risks and uncertainties. Some of these risks and
uncertainties are identified in the company's most recent Annual
Report on Form 10-K and its other filings with the SEC, which are
available at www.sec.gov. These risks and uncertainties
include, without limitation, uncertainty created by the COVID-19
pandemic, the risks of entering into and operating in the
cryptocurrency mining business, the capacity of our bitcoin
mining machines and our related ability to purchase power at
reasonable prices, the ability to finance our planned
cryptocurrency mining operations, our ability to acquire new
accounts in our specialty finance business at appropriate prices,
the need for capital, our ability to hire and retain new employees,
changes in governmental regulations that affect our ability to
collect sufficient amounts on defaulted consumer receivables,
changes in the credit or capital markets, changes in interest
rates, and negative press regarding the debt collection
industry. The occurrence of any of these risks and
uncertainties could have a material adverse effect on our business,
financial condition, and results of operations.
Contact:Crescendo Communications, LLCTel:
(212) 671-1021Email: LMFA@crescendo-ir.com
LM Funding America (NASDAQ:LMFA)
Historical Stock Chart
From Mar 2024 to Apr 2024
LM Funding America (NASDAQ:LMFA)
Historical Stock Chart
From Apr 2023 to Apr 2024