Common Stock par value $0.001 per share
- Symbol
- PWCM
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 8.01, 9.01 · 8-K
PowerCompute, Inc.
PWCMNASDAQEQUITYCurrent
Other Events
Item 8.01 Other Events. As previously reported, on January 7, 2026, PowerCompute, Inc. f/k/a LM Funding America, Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that its consolidated closing bid price had been below $1.00 per share for 30 consecutive business days as of January 6, 2026, and therefore, the…
Press release in this filing
PowerCompute Regains Compliance with Nasdaq Minimum Bid Price Requirement →Company context
PowerCompute, Inc. (Nasdaq: PWCM), formerly LM Funding America, Inc., is an owner and operator of electrical infrastructure that converts electricity into Bitcoin and high-performance computing and artificial intelligence capacity. Founded in 2008 and headquartered in Tampa, Florida, the Company operates 26 megawatts of interconnected electrical infrastructure across Bitcoin data center facilities in Oklahoma and Mississippi.
Current securities
Registered securities in this filing
POWERCOMPUTE, INC. · 8-K · Filed 2026-07-29
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
As previously reported, on January 7, 2026, PowerCompute, Inc. f/k/a LM Funding America, Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that its consolidated closing bid price had been below $1.00 per share for 30 consecutive business days as of January 6, 2026, and therefore, the Company’s common stock was no longer in compliance with the $1.00 bid price per share requirement for continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). In accordance with Nasdaq Listing Rules, the Company was provided 180 calendar days, or until July 6, 2026, to regain compliance with the Bid Price Rule.
On July 7, 2026, the Company received a second letter (the “Second Notification”) from Nasdaq notifying the Company that the Company’s common stock had not regained compliance with the Bid Price Rule. However, Nasdaq determined that the Company was eligible for an additional 180 calendar day period, or until January 4, 2027, to regain compliance. Nasdaq’s determination was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market, with the exception of the Bid Price Rule, and the Company’s written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. The Company completed a 1-for-25 reverse split of its common stock effective July 3, 2026.
On July 27, 2024, the Company received written notification from Nasdaq indicating that the Company’s common stock had a closing price of $1.00 per share or greater for the last ten consecutive business days, from July 13, 2026 to July 24, 2024, and that, as a result, the Company has regained compliance with the Bid Price Requirement and that the matter is now closed.
The Company issued a press release announcing Nasdaq compliance on July 29, 2026.
Filed exhibits (1)
EX-99.1 2 lmfa-ex99_1.htm EX-99.1 EX-99.1 PowerCompute Regains Compliance with Nasdaq Minimum Bid Price Requirement TAMPA, Fla., July 29, 2026 (GLOBE NEWSWIRE) -- PowerCompute, Inc. (NASDAQ: PWCM) (“PowerCompute” or the “Company”), a cryptocurrency mining and technology-based specialty finance company expanding into high-performance computing (“HPC”) and artificial intelligence (“AI”) infrastructure, today announced that the Company received notice from The Nasdaq Stock Market LLC (“Nasdaq”) on July 27, 2026, indicating that the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share. Nasdaq confirmed that the closing bid price of the Company’s common stock had met the applicable requirement for the required period and has advised the Company that the matter is now closed. Bruce M. Rodgers, Chairman, Chief Executive Officer and President of PowerCompute, commented, “Regaining compliance with the continued listing requirements of Nasdaq and the preservation of our listing is paramount to the Company, given the credi…
Open exhibit ↗