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Published: 2022-03-15 17:00:22 ET
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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): March 11, 2022

 

LMP AUTOMOTIVE HOLDINGS, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware   333-236260   82-3829328
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (IRS Employer
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

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

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 (see General Instruction A.2. below):

 

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.

 

Securities 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

 

 

 

 

 

 

Item 1.02 Termination of a Material Definitive Agreement.

 

As previously reported on Current Report on Form 8-K filed on July 26, 2021, LMP Automotive Holdings, Inc., a Delaware corporation (the “Company”) entered into a dealership asset purchase agreement (the “APA”) with Joseph Klimas, Jr. (“Klimas”) and K&W Enterprises LLC (“Seller”), to acquire the assets related to the Seller’s ownership and operation of a franchised Kia motor vehicle dealership located at 99 Ash Street, East Hartford, Connecticut 06108 (the “Dealership”). The Company also entered into a real estate contract (the “REC”) with Ash Street Holdings LLC, an affiliate of Klimas and the Seller, providing for the purchase by the Company of the real property on which the Dealership is located (the “Property”). On March 11, 2022, the Company’s acquisition of the Dealership and the Property were terminated in accordance with the terms of the APA and the REC, respectively. The Company does not expect to incur any material termination penalties pursuant to such terminations. The description of the APA and the REC and the transactions contemplated thereby are incorporated by reference to the Company’s Current Report on Form 8-K filed on July 26, 2021.

 

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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: March 15, 2022

 

  LMP AUTOMOTIVE HOLDINGS, INC.
   
  By: /s/ Sam Tawfik
    Name: Sam Tawfik
    Title: Chief Executive Officer

 

 

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