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LM Funding America shareholders approve increase in shares

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LM Funding America shareholders approve increase in shares

LM Funding America's shareholders, in the annual shareholder meeting Aug. 30, approved a measure that would allow the company to increase the total number of shares that can be issued to 30 million from 10 million.

The company's shareholders approved the issuance and sale by the company to ESOUSA Holdings LLC of more than 19.99% of its outstanding common shares.

The shareholders approved an amendment to the company's certificate of incorporation, to effect a reverse stock split of the company's issued and outstanding common shares.