Current Report Filing (8-k)
November 05 2020 - 8:37AM
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): November 3, 2020
LMP
Automotive Holdings, Inc.
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(Exact
name of registrant as specified in its charter)
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Delaware
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333-236260
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82-3829328
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(State
or other jurisdiction
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(Commission
File Number)
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(I.R.S.
Employer
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of
incorporation)
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|
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Identification
No.)
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500
East Broward Blvd., Suite 1900, Ft. Lauderdale, Florida
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33394
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (954) 895-0352
N/A
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
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock, $0.0001 par value per share
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LMPX
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NASDAQ
Capital Market
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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:
☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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
November 3, 2020, LMP Finance, LLC, a Delaware limited liability corporation, a subsidiary of LMP Automotive Holdings, Inc. (“LMP”),
a Delaware corporation, entered into a letter agreement (the “Agreement”) with LTO Holdings, LLC (“LTO”),
pursuant to which LTO agreed to exclusively lease and/or subscribe for new vehicles from LMP for a period of two years following
the date of the Agreement in an amount of at least $24,000,000.
The
Agreement 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 Agreement and the transaction contemplated thereby is not complete and is qualified in its entirety by the
contents of the Agreement.
A
copy of the press release announcing the transaction contemplated by the Agreement 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.
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LMP
AUTOMOTIVE HOLDINGS, INC.
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|
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November
5, 2020
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By:
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/s/
Sam Tawfik
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Name:
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Sam
Tawfik
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Title:
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President
and Chief Executive Officer
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2
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