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LMP Automotive : Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q (Form 8-K)

LMP Automotive Holdings, Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

June 1, 2021

FORT. | June 1, 2021 ....

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LMP Announces the Acquisition and Closing of a Majority Interest in LTO Holdings, LLC in a Cash and Stock Deal Through LMP's Wholly-Owned Subsidiary, LMP Finance, LLC

FORT LAUDERDALE, Fla., March 09, 2021 (GLOBE NEWSWIRE) LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced the acquisition and closing of a majority interest in LTO Holdings, LLC (“LTO”) in a cash and stock deal through LMP’s wholly-owned subsidiary, LMP Finance, LLC. Expands LMP’s e-commerce sales and subscription-leasing programs and fulfillment in the Northeast market, one of the nation’s most desirable markets Adds profitable and cost-efficient reconditioning and collision center in regionExpands the company’s logistics and fulfillment footprint and free delivery radius Strong, stable margins and immediately accretive to earningsLMP will acquire a 51% interest in LTO in exchange for a contribution of $225,000 as working capital to LTO and $225,000 in cash to the selling stakeholders, along with 16,892 shares of LMP’s unregistered common stock wit ....

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