UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 2.01. Completion of Acquisition or Disposition of Assets
On October 6, 2021, LMP Automotive Holdings, Inc., a Delaware corporation (the “Company”) closed on the acquisition (the “Acquisition”) of an 85% interest in the assets related to the ownership and operation of the Chrysler Jeep of White Plains dealership located at 70 Westchester Avenue, White Plains, New York, as contemplated by that certain Dealership Asset Purchase Agreement, dated as of March 31, 2021 (the “DAPA”), by and among the Company and Jonathan Grant. The consideration paid by the Company for the Acquisition was 55,134 shares of the Company’s common stock and approximately $6.3 million in cash. The DAPA was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on April 1, 2021, and is incorporated herein by reference.
A copy of the press release announcing the Acquisition is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
| (a) | Financial Statements of Businesses Acquired. |
The financial statements required by Item 9.01(a) of Form 8-K will be filed by amendment within 71 calendar days after the date this report on Form 8-K must be filed with respect to Item 2.01.
| (b) | Pro Forma Financial Information. |
The pro forma financial information required by Item 9.01(b) of Form 8-K will be filed by amendment within 71 calendar days after the date this report on Form 8-K must be filed with respect to Item 2.01.
| (d) | Exhibits |
| Exhibit No. | Description | |
| 99.1 | Press Release, dated October 7, 2021. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 12, 2021
| LMP AUTOMOTIVE HOLDINGS, INC. | |||
| By: | /s/ Sam Tawfik | ||
| Name: | Sam Tawfik | ||
| Title: | Chief Executive Officer | ||
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