Core Viewpoint - LM Funding America, Inc. reported a preliminary operational update for January 2026, highlighting an increase in Bitcoin production and operational resilience during adverse weather conditions [1][2]. Bitcoin Mining Metrics - In January 2026, the company mined a total of 7.8 Bitcoin, an increase from 7.5 Bitcoin in December 2025 [2]. - The company's Bitcoin holdings increased to 364.1 Bitcoin as of January 31, 2026, valued at approximately $29.1 million based on a Bitcoin price of $79,960 [2][6]. - The total number of mining machines remained stable at 7,223, with an increase in the number of machines in Oklahoma from 4,480 to 4,608 [2]. Operational Highlights - The company successfully redirected power back to the grid during Winter Storm Fern, generating significant energy sales estimated at $315,000 for the month, equivalent to nearly 4.0 Bitcoin [2]. - The operational model demonstrated flexibility and resilience, with energy and curtailment sales having effectively no associated marginal costs, offsetting potential lost mining revenue [2]. Company Overview - LM Funding America, Inc. operates as a Bitcoin treasury and mining company, founded in 2008 and based in Tampa, Florida [3]. - The company also engages in a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in Florida [3].

Core Viewpoint - LM Funding America, Inc. reported a preliminary operational update for November 2025, highlighting steady progress in its Bitcoin mining operations despite a slight decrease in Bitcoin production due to strategic energy sales [1][2]. Group 1: Bitcoin Mining Metrics - In November 2025, the company mined a total of 6.9 Bitcoin, down from 7.5 Bitcoin in October 2025 [2]. - The company sold 17.0 Bitcoin in October but did not sell any Bitcoin in November [2]. - The Bitcoin holdings increased from 294.9 Bitcoin in October to 301.8 Bitcoin in November, with an estimated value of approximately $27.5 million based on a Bitcoin price of $91,100 [2][6]. Group 2: Operational Capacity - The total number of mining machines remained constant at 7,930, with 4,320 located in Oklahoma and 2,376 in Mississippi [2]. - The hashrate for the mining operations was stable, with Oklahoma at 0.48 EH/s and Mississippi at 0.23 EH/s, totaling 0.71 EH/s for energized machines [2]. Group 3: Financial Performance - The company generated approximately $76,000 from curtailment and energy sales by strategically reducing mining during a spike in power prices [2]. - The share price of the company was reported at $0.99 as of November 30, 2025, while the Bitcoin value per share was calculated at $2.25 [2]. Group 4: Future Outlook - The company is on track with its 2 MW immersion expansion in Oklahoma, expected to increase total hashrate by nearly 10% by the end of the month [2]. - The management emphasized a disciplined approach to growth and capital allocation, indicating a focus on monitoring market conditions closely [2].

Core Points - LM Funding America, Inc. has scheduled its third quarter 2025 earnings conference call for November 14, 2025, at 8:00 AM EST [1] - The company will release its third quarter 2025 results and an investor presentation on the morning of the same day [2] - LM Funding operates as a Bitcoin treasury and mining company, founded in 2008 and based in Tampa, Florida [3] Company Overview - LM Funding America, Inc. is involved in Bitcoin treasury and mining operations [3] - The company also has a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in Florida [3]

Core Insights - The company reported a Bitcoin treasury valued at approximately $17.8 million as of July 31, 2025, equating to $3.46 per share based on a Bitcoin price of around $118,100 [1][3]. Bitcoin Mining Operations - In July 2025, the company mined 5.9 Bitcoin, a 7% increase from June 2025's 5.5 Bitcoin [2]. - The company sold 11.0 Bitcoin in July 2025, compared to 5.0 Bitcoin sold in June 2025 [2]. - The company's Bitcoin holdings decreased from 155.5 Bitcoin in June 2025 to 150.4 Bitcoin in July 2025 [2]. Operational Capacity - The total number of operational machines remained constant at 4,320 in both June and July 2025 [2]. - The total number of machines, including storage, was 5,538 in both months [2]. - The company's hashrate remained stable at 0.60 EH/s in July 2025 [2]. Financial Performance - The company experienced a 20% growth in energy revenue in July 2025, attributed to the reinvestment of treasury assets into operations [3]. - The stock share price was reported at $2.12 as of July 31, 2025 [3].

Core Insights - SLR Investment Corp. reported a net investment income of $21.6 million, or $0.40 per share, for Q2 2025, with a declared quarterly distribution of $0.41 per share [2][32] - The net asset value (NAV) increased to $18.19 per share as of June 30, 2025, up from $18.16 per share at the end of Q1 2025 [3] - The company emphasized its focus on specialty finance, with over 80% of its portfolio in specialty finance loans, which are believed to provide attractive risk-adjusted returns [4] Financial Performance - For the quarter ended June 30, 2025, the company had a comprehensive investment portfolio fair value of $3.2 billion and an investment portfolio fair value of $2.1 billion [5] - The non-accrual rate was low at 0.3% based on fair value, indicating strong credit quality [5] - The net increase in net assets from operations was $24.2 million, or $0.44 per share, compared to $23.2 million, or $0.43 per share, in the same period last year [25] Investment Activity - During Q2 2025, the company made investments totaling $567.1 million while prepaying and selling investments worth $387.0 million [6][8] - The investment activity was diversified across various asset classes, with significant originations in asset-based lending [8] - The comprehensive investment portfolio was diversified across approximately 940 unique issuers, with 98.3% invested in senior secured loans [10] Asset Quality - As of June 30, 2025, 99.7% of the portfolio was performing on a fair value basis, with only one investment on non-accrual [15] - The internal investment ratings showed that 31.9% of investments were rated as the least risky (rating 1), while 65.9% were rated as low risk (rating 2) [16] Capital and Liquidity - The company had a net debt-to-equity ratio of 1.17x as of June 30, 2025, within its target range of 0.9x to 1.25x [29] - Total commitments available on revolving credit facilities were $970 million, with $682.3 million drawn [26] - The company had over $650 million of available capital, including anticipated borrowing capacity [29] Subsequent Events - On July 30, 2025, the company closed a private offering of $50 million of unsecured notes due July 30, 2028, with a fixed interest rate of 5.96% [31]

Core Insights - LM Funding America, Inc. reported a decrease in Bitcoin mined in June 2025, with 5.5 Bitcoin compared to 6.3 Bitcoin in May 2025, attributed to a strategic curtailment approach during peak summer months [2] - The company prioritized energy sales over Bitcoin production due to high temperatures in Oklahoma, resulting in estimated curtailment and energy sales of approximately $55,000 for June and $216,000 for Q2 2025 [2] - As of June 30, 2025, the value of the company's Bitcoin holdings was approximately $16.7 million, equating to $3.25 per share, based on a Bitcoin price of approximately $107,170 [2] Company Overview - LM Funding America, Inc. operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida [3] - The company has a total of 5,538 machines as of June 2025, with 4,320 operational and 1,218 in storage [2] - The company's Bitcoin holdings increased slightly from 155.0 to 155.5 Bitcoin from May to June 2025 [2]

Financial Data and Key Metrics Changes - SLR Investment Corp reported net investment income of $0.41 per share for Q1 2025, consistent with the base dividend of $0.41 per share, reflecting a return on equity of approximately 9% [6][17] - The company's net asset value at the end of the quarter was $18.16 per share, a slight decrease of $0.04 from $18.20 per share at the end of Q4 2024 [14] - Gross investment income for the three months ended March 31 totaled $53.2 million, down from $55.6 million in the previous quarter [16] Business Line Data and Key Metrics Changes - The comprehensive portfolio totaled $3.1 billion at quarter end, with $361 million in new investments and $391 million in repayments during Q1 [7][14] - Approximately 80% of the portfolio was derived from specialty finance investments, with cash flow loans now representing less than 20%, the lowest level in three years [7][8] - The yield on the comprehensive portfolio increased to 12.2%, up from 12.1% in the previous quarter and 11.8% in Q1 2024 [8] Market Data and Key Metrics Changes - The current environment is marked by policy volatility and economic uncertainty, with expectations for elevated inflation and slower global growth [9][10] - The company has over $800 million of available capital to deploy, positioning it to take advantage of both durable economic conditions and potential economic softening [12] Company Strategy and Development Direction - The company has shifted its portfolio mix towards asset-based specialty finance strategies, providing greater downside protection from underlying collateral [7] - SLR's multi-strategy investment approach aims to deliver consistent returns and protect capital across market cycles, with a focus on high-quality collateral [19] - The company is actively monitoring portfolio companies for impacts from tariffs and is focused on domestic service-oriented businesses [10][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating economic uncertainties and capitalizing on volatility from widening credit spreads [5] - The company believes its disciplined approach and strong credit profile will allow it to withstand persistent inflationary pressures and high interest rates [11] - Management highlighted the importance of monitoring trends in receivables and inventory to manage risks effectively [53] Other Important Information - The company declared a Q2 2025 quarterly distribution of $0.41 per share, payable on June 27, 2025 [18] - SLR Investment Corp is rated investment grade by Fitch, Moody's, and DBRS, with no near-term refinancing obligations [15] Q&A Session Summary Question: Follow-up on pipeline weighting towards ABL and equipment finance opportunities - Management indicated that the pipeline is approximately 75-80% weighted towards ABL, covering various industries [40][41] Question: Description of recent attractive cash flow lending opportunities - Management noted that attractive opportunities involve financing tuck-in acquisitions of seasoned platforms, allowing for short duration and potential re-underwriting [44][46] Question: Contribution from Kingsbridge in the quarter - Management confirmed that Kingsbridge's performance included some one-time gains but is expected to continue performing well [48] Question: Estimate of tariff exposure in the portfolio - Management stated that less than 1% of the portfolio has direct exposure to tariffs, primarily due to the focus on domestic service-based businesses [51][52] Question: Yield increase in the equipment finance business - Management explained that the yield increase is due to borrowers extending leases and some one-time gains from asset sales [56][57]

As filed with the Securities and Exchange Commission on September 28, 2023 Registration No. 333-274511 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT No. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SWK HOLDINGS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 6159 77-0435679 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identificat ...