LM Funding America Inc
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Financials : Diversified Financial Services | Small Cap Blend
Company profile

LM Funding America, Inc. is a specialty finance company. The Company provides funding to nonprofit community associations primarily located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. It offers incorporated nonprofit community associations (Associations), a range of financial products customized to each Association's financial needs. Its products include Original Product and New Neighbor Guaranty. Its Original Product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. The Company offers the New Neighbor Guaranty, wherein an Association assigns its indebtedness and accruals on its delinquent units to it in exchange for payments in an amount equal to the regular ongoing monthly or quarterly assessments for delinquent units when those amounts would be due to the Association.


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Nio's August deliveries double to a record, but stock falls

10:18 am ET September 3, 2020 (MarketWatch)

Shares of Nio Inc. (NIO) fell 2.5% in active morning trading Thursday, after the China-based electric vehicle maker reported a new monthly delivery record in August, although year-over-year growth decelerated to the slowest pace since February. Trading volume was 32.4 million shares, enough to make the stock the most actively traded on the NYSE. The continued pullback in EV leader Tesla Inc.'s stock (http://www.marketwatch.com/story/teslas-stock-sinks-into-correction-territory-after-disclosure-of-another-large-seller-2020-09-02)(TSLA), which has now lost 15% since Monday's record close, also weighed on Nio's shares (http://www.marketwatch.com/story/teslas-stock-pullback-weigh-on-other-ev-makers-with-less-effect-2020-09-03). Nio disclosed overnight that it delivered 3,965 vehicles in August, up 104.1% from last year. "In August, we achieved our best-ever monthly performance on both deliveries and order growth," said Founder and Chief Executive William Bin Li. "As we continue to improve the production capacity for all NIO products, our monthly capacity will reach 5,000 units in September to support our future deliveries" Separately, Nio disclosed that it completed the offering of 101.8 million American depositary shares (ADSs) at a price of $17.00 per ADS, to raise $1.73 billion. Nio's stock has more than tripled (up 246.6%) over the past three months, while Tesla shares have rallied 139.0% and the S&P 500 has gained 13.5%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 03, 2020 10:18 ET (14:18 GMT)

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