LM Funding America, a Nasdaq-listed Bitcoin mining and reserve company, has completed a registered direct offering, raising approximately $6.5 million. The company issued common stock and pre-funded warrants to institutional investors, along with accompanying warrants. The combined offering price is set at $0.71 per share, with the warrants exercisable at the same price. These warrants have a term of five years, contingent upon shareholder approval. The transaction is expected to close around December 22.