Current Report Filing (8-k)
October 09 2020 - 5:07PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported): October 9, 2020
LMP
Automotive Holdings, Inc.
|
(Exact
name of registrant as specified in its charter)
|
Delaware
|
|
333-236260
|
|
82-3829328
|
(State
or other jurisdiction
|
|
(Commission
File Number)
|
|
(I.R.S.
Employer
|
of
incorporation)
|
|
|
|
Identification
No.)
|
500
East Broward Blvd., Suite 1900, Ft. Lauderdale, Florida
|
|
33394
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (954) 895-0352
601
N. State Road 7, Plantation, Florida, 33317
Former
name or former address, if changed since last report
Securities
registered or to be registered pursuant to Section 12(b) of the Act.
Title
of each class
|
|
Trading
Symbol(s)
|
|
Name
of each exchange on which registered
|
Common
Stock, $0.0001 par value per share
|
|
LMPX
|
|
NASDAQ
Capital Market
|
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.01
|
Entry
into a Definitive Material Agreement.
|
On
October 9, 2020, LMP Long Island 001 Holdings, LLC, a Delaware limited liability corporation, a subsidiary of LMP Automotive
Holdings, Inc., a Delaware corporation, entered into a membership interest purchase agreement (the “MIPA”) with
John Staluppi (the “Seller”), to acquire a 70% interest in Atlantic Automotive Group and its subsidiaries
(collectively, “AAG”) in exchange for an aggregate purchase price of $425,600,000. AAG owns and operates 19
franchised dealerships that offer new and used vehicles, vehicle financing services, warranties and insurance contracts,
parts sales, automotive repair and maintenance services in the New York area. The closing of the acquisition is subject to
certain customary conditions and manufacturer approvals.
The
MIPA is attached to this Current Report on Form 8-K as Exhibit 10.1, and is incorporated herein by reference. The foregoing description
of the MIPA and the transactions contemplated thereby is not complete and is qualified in its entirety by the contents of the
MIPA.
A
copy of the press release announcing the transactions contemplated by the MIPA is furnished herewith as Exhibit 99.1 to this Current
Report on Form 8-K.
Item
9.01.
|
Financial Statements and Exhibits
|
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
|
LMP
AUTOMOTIVE HOLDINGS, INC.
|
|
|
October
9, 2020
|
By:
|
/s/
Sam Tawfik
|
|
Name:
|
Sam
Tawfik
|
|
Title:
|
President
and Chief Executive Officer
|
2
LMP Automotive (NASDAQ:LMPX)
Historical Stock Chart
From Aug 2024 to Sep 2024
LMP Automotive (NASDAQ:LMPX)
Historical Stock Chart
From Sep 2023 to Sep 2024