Lm Funding America Inc (LMFA) Stock Split History

Lm Funding America Inc has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on October 16, 2018 with the ratio of 1-for-10, meaning that for 10 shares of LMFA owned pre-split, shareholders then owned 1 share. 2 more splits have been implemented since then. The most recent stock split took place on March 12, 2024 on a 1-for-6 basis.

These splits have increased LMFA stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Lm Funding America Inc's total market capitalization.

For more detailed information of Lm Funding America Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Lm Funding America Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when LMFA stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Lm Funding America Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.