UNITED STATES

  SECURITIES AND EXCHANGE COMMISSION

  Washington, D.C. 20549

 

  SCHEDULE 13D/A  

Under the Securities Exchange Act of 1934
 

LMP AUTOMOTIVE HOLDINGS, INC.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

  

(CUSIP Number)

 

601 N. State Road 7

Plantation, Florida 33317

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

February 27, 2020

(Date of Event Which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are sent.

 

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

CUSIP No.

   

 

1.

  Name of Reporting Person

 

 Samer Tawfik

2.

 Check the Appropriate Box if a Member of a Group (See Instructions)

(a)    

(b)    

3.

  SEC Use Only

 

4.

  Source of Funds (See Instructions)

 

  AF / PF

5.

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   

 

6.

  Citizenship or Place of Organization:

 

  USA

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

  Sole Voting Power:

 

  3,823,417(1)

8.

  Shared Voting Power:

 

 

9.

  Sole Dispositive Power:

 

  3,823,417 (1)

10.

  Shared Dispositive Power:

 

 

11.

  Aggregate Amount Beneficially Owned by Each Reporting Person:

 

  3,823,417 (1)

12.

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 

 

13.

  Percent of Class Represented by Amount in Row (11):

  

  43.99%(2)

14.

  Type of Reporting Person (See Instructions):

 

  IN

  

(1) Samer Tawfik is the beneficial owner of 3,823,417 shares of common stock of LMP Automotive Holdings, Inc., par value $0.00001 (“Common Stock”). Of the 3,823,417 shares of Common Stock, 1,100,000 are held by ST RXR Investments, LLC, a company wholly owned and controlled by the Reporting Person.

 

(2) Based on 8,691,323 shares of Common Stock outstanding as of January 27, 2020.

  

2

 

 

Item 1. Security and Issuer

 

This Amendment No. 1 to the Statement on Schedule 13D (the “Schedule 13D”), dated December 5, 2019, relates to the common stock, par value $0.00001 per share (“Common Stock”), of LMP Automotive Holdings, Inc. (the “Issuer”). The address of the Issuer’s principal executive offices is 601 N. State Road 7, Plantation, Florida 33317.

 

Item 2. Identity and Background

 

(a) This Schedule 13D is being filed on behalf of Samer Tawfik (the “Reporting Person”).

 

(b) The business address for the Reporting Person is 601 N. State Road 7, Plantation, Florida 33317.

 

(c) the Reporting Person is the President and Chief Executive Officer of the Issuer. 

 

(d) During the last five years, the Reporting Person was not convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) During the last five years, the Reporting Person was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order (1) enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or (2) finding any violation with respect to such laws.

 

(f) the Reporting Person is a citizen of the United States.

 

Item 3. Source and Amount of Funds or Other Consideration

 

The information contained in Item 3 of Schedule 13D is hereby amended and supplemented by adding the information below:

 

The Reporting Person is the direct beneficial owner of 3,823,417 shares of Common Stock. The Reporting Person purchased shares of Common Stock on February 27, 2020, February 28, 2020 and March 2, 2020 in open market purchases in exchange for cash consideration.

 

 

3

 

 

Item 4. Purpose of Transaction

 

The information contained in Item 4 of Schedule 13D is hereby amended and supplemented by adding the information below:

 

The Reporting Person acquired the above reported shares of Common Stock as an additional investment in the Company.

 

Item 5. Interest in Securities of the Issuer

 

The information contained in Item 5 of Schedule 13D is hereby amended and restated in its entirety as follows:

 

(a) The Reporting Person is the beneficial holder of 3,823,417 shares of Common Stock of the Issuer, representing approximately 43.99% of the outstanding Common Stock of the Issuer. The Reporting Person has sole voting and dispositive power of all shares held in his name.

  

All of the percentages of beneficial ownership of the Reporting Person set forth in this Schedule 13D are based on 8,691,323 shares of Common Stock outstanding as of January 27, 2020 as reported on the Issuer’s Annual Report Form 10-K filed February 25, 2020.

 

(b) The Reporting Person has sole power to direct the vote, and shared power to dispose of 3,823,417 shares of Common Stock of the Issuer.

 

(c) In the sixty days prior to the filing of this Schedule 13D, the Reporting Persons engaged in the following transactions with respect to the Issuer’s Common Stock:

 

☐ On February 27, 2020, the Reporting Person purchased 11,035 shares of Common Stock at a weighted average price per share of $13.18. On February 28, 2020, the Reporting Person purchased 21,119 shares of Common Stock at a weighted average price per share of $13.51. On March 2, 2020, the Reporting Person purchased 6,226 shares of Common Stock at a weighted average price per share of $12.50 per share.

 

(d) No person other than the Reporting Person, is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of the 3,823,417 shares of the Common Stock of the Issuer reported hereby.

 

(e) Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

None.

 

Item 7. Material to be Filed as Exhibits

 

None.

 

Except as expressly modified hereby, all provisions of the Schedule 13D shall continue in full force and effect.

 

[signature page follows]

  

4

 

  

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

DATE: March 4, 2020    
       
  /s/ Samer Tawfik    
  Samer Tawfik    

 

 

5

 

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