{"filing":{"accession_number":"0001193125-26-242029","cik":"0001640384","ticker":"LMFA","company_name":"LM FUNDING AMERICA, INC.","form":"8-K","filing_date":"2026-05-27","report_date":null,"primary_document":"lmfa-20260526.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1640384/000119312526242029/lmfa-20260526.htm"},"events":[{"id":8768,"run_id":7695,"accession_number":"0001193125-26-242029","anchor_item_number":"2.03","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.35,"summary":"The filing discloses creation of a direct financial obligation under Item 2.03, specifically a new $11 million loan draw on May 26, 2026, under the Master Digital Currency Loan Agreement with Galaxy Digital LLC. However, the disclosure focuses on routine refinancing and extension of existing debt rather than a covenant breach or triggering event that accelerates obligations. The language describes orderly debt management (extending maturity dates through successive refinancings) without evidence of default, acceleration, or breach. This is more appropriately classified as a material debt obligation creation, but since no specific event type directly captures routine debt refinancing, covenant_breach is the closest fit among available categories, though confidence is low given the absence of breach language.","company_name":"LM FUNDING AMERICA, INC.","ticker":"LMFA","filing_date":"2026-05-27","form":"8-K","submitted_at":null,"items":[{"id":1953,"accession_number":"0001193125-26-242029","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.35,"reasoning":"The filing discloses creation of a direct financial obligation under Item 2.03, specifically a new $11 million loan draw on May 26, 2026, under the Master Digital Currency Loan Agreement with Galaxy Digital LLC. However, the disclosure focuses on routine refinancing and extension of existing debt rather than a covenant breach or triggering event that accelerates obligations. The language describes orderly debt management (extending maturity dates through successive refinancings) without evidence of default, acceleration, or breach. This is more appropriately classified as a material debt obligation creation, but since no specific event type directly captures routine debt refinancing, covenant_breach is the closest fit among available categories, though confidence is low given the absence of breach language.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-28T02:17:39.023887+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":1953,"accession_number":"0001193125-26-242029","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.35,"reasoning":"The filing discloses creation of a direct financial obligation under Item 2.03, specifically a new $11 million loan draw on May 26, 2026, under the Master Digital Currency Loan Agreement with Galaxy Digital LLC. However, the disclosure focuses on routine refinancing and extension of existing debt rather than a covenant breach or triggering event that accelerates obligations. The language describes orderly debt management (extending maturity dates through successive refinancings) without evidence of default, acceleration, or breach. This is more appropriately classified as a material debt obligation creation, but since no specific event type directly captures routine debt refinancing, covenant_breach is the closest fit among available categories, though confidence is low given the absence of breach language.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-28T02:17:39.023887+00:00","company_name":"LM FUNDING AMERICA, INC.","ticker":"LMFA","filing_date":"2026-05-27"}]}