LM Funding America, Inc. Announces the Appointment of Marty Traber to its Board of Directors
30 Abril 2024 - 7:00AM
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 Marty Traber to
the Company’s Board of Directors. Mr. Traber, who previously served
as a director for the Company from 2015-2021, replaces Todd Zhang,
who is retiring from the board.
Mr. Traber is currently the Chairman of the
Skyway Capital Markets Group, where he oversees the organization’s
strategic planning and growth, building on more than 40 years of
experience in securities law and corporate finance. He is also a
former partner of the international law firm of Foley & Lardner
LLP, in Tampa, Florida, where he served in the firm’s Transactional
& Securities and Private Equity & Venture Capital practices
and was a member of its Technology Industry team. He is a founder
of HCI Group, Inc., a New York Stock Exchange-listed company
headquartered in Tampa that engages in various business activities,
including homeowners’ insurance, reinsurance, real estate, and
information technology where he also served on Its board from 2006
– 2018. From 2012 to 2013, he also served on the Board of Directors
of Exeter Trust Company, Portsmouth, New Hampshire. He also joined
the Board of Directors for Mad Mobile in March 2019. A founder of
NorthStar Banking Corporation in Tampa, he served as a member of
the Board of Directors of the bank holding company from 2007 to
2011. From 2009 to 2014, Mr. Traber served on the Board of
Directors of JHS Capital Holdings, Tampa, and from 2010 to 2016, he
served on the Advisory Board of Platinum Bank, Tampa. He has also
advised a number of community banks from formation through ongoing
operations and, in some cases, acquisition. In 2017, he was
appointed to the Advisory Board of Retail Service Systems, LLC,
Columbus, Ohio. Mr. Traber holds a Bachelor of Arts degree from
Indiana University and a Juris Doctor degree from the Indiana
School of Law, Indiana University, where he graduated magna cum
laude and first in his class.
Bruce Rodgers, Chief Executive Officer of LM
Funding America, Inc. commented, “We are pleased to have Marty
Traber rejoin the LM Funding Board of Directors and welcome the
return of an investment banking viewpoint to our board. Marty works
as an investment banker in the capital markets every day and we
believe that current market insight will help inform our decisions
as we seek to grow our Bitcoin mining operations and continue to
hold Bitcoin on our balance sheet. Additionally, we would like to
express our appreciation to Todd Zhang for his significant
contributions during the ramp up of our Bitcoin mining operations
and wish him success in his future pursuits.”
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 StatementsThis 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
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