LMP AUTOMOTIVE HOLDINGS, INC. (LMPX) News

LMP Automotive preliminary estimates of Q2 include revenue to be ~$164M; announces delay of Q2 results

• LMP Automotive (NASDAQ:LMPX) reported Tuesday its preliminary estimates for Q2 2022 where sales is expected to be ~$164M and gross profit to be ~$32M with cash at ~$36M.
• Additionally, LMP Automotive provided a corporate update and announced a delay of its second quarter financial results for the period ended June 30.
• The company said there is significant change in results...

  Seeking Alpha | August 17, 2022

LMP Automotive Holdings, Inc. Provides a Corporate Update and Announces Delay of its Second Quarter 2022 Financial Results

FORT LAUDERDALE, FL, Aug. 16, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today provided a corporate update and announced a delay of its second quarter 2022 financial results for the period ended June 30, 2022. Delay of its Second Quarter 2022 Financial Results As LMP continues its evaluation of (i) the proper identification and elimination of intercompany transactions

Yahoo | August 16, 2022

LMP Automotive Holdings Announces Voluntary NASDAQ Delisting and SEC Deregistration

FORT LAUDERDALE, Fla., Aug. 12, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today announced that in connection with the previously announced sale of substantially all of its assets (the “Atlantic Sale”), it has notified Nasdaq of the Company’s intent to voluntarily delist its common stock from the Nasdaq Capital Market. The Company expects to file a Form 25 with the Se

Yahoo | August 12, 2022

LMP Automotive Seeks Stockholder Approval For Plan Of Liquidation; Sells Assets

LMP Automotive Holdings Inc (NASDAQ: LMPX) has entered into dealership and real estate asset sale agreements to sell its dealerships in Florida and West Virginia. The terms of the transaction were not disclosed. The dealerships include Kia, Subaru Corp (OTC: FUJHF), Chevrolet, Volkswagen AG (OTC: VWAGY), and General Motors Co (NYSE: GM). The company anticipates the closing of the sale to occur in October 2022. The company's board unanimously recommends that at the next Special Meeting of Stockho

Yahoo | August 8, 2022

LMP Automotive Holdings, Inc. and its Affiliates Enters into an All Cash Asset Sale Agreements and Intends to Seek Stockholder Approval for Plan of Liquidation

FORT LAUDERDALE, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today announced it has entered into dealership and real estate asset sale agreements (the “Agreements”) to sell its Kia dealerships in Port Charlotte, FL, Cape Coral, FL and Beckley, WV, its Subaru dealership in Beckley, WW, its Chevrolet dealership in Beckley, WV and its General Motors dealers

Yahoo | August 8, 2022

LMP Automotive Holdings, Inc. Provides Financial Update and Signs a $15.8 Million All Cash Agreement to Sell its Chrysler Jeep Dodge Ram Dealership in New York

FORT LAUDERDALE, Fla., July 15, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today provided a financial update and announced it has entered into a $15.8 million all cash agreement (the “Agreement”) to sell its Chrysler Jeep Dodge Ram Dealership in White Plains, New York. Expected closing is October of this year, subject to the terms of the Agreement. Second Quarter 2022

Yahoo | July 15, 2022

Florida auto retailer sues Zappone Chrysler Jeep Dodge after failed acquisition

The federal lawsuit stems from an agreement the company reached in July 2021 to purchase Zappone's Clifton Park dealership and the associated real estate for $11 million.

Yahoo | June 13, 2022

LMP Automotive Holdings, Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of its Quarterly Report on Form 10-Q for the First Quarter of 2022

FORT LAUDERDALE, FL, May 19, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced it received a notification of deficiency from Nasdaq related to the delayed filing of its Quarterly Report on Form 10-Q for the first quarter of 2022. On May 19, 2022, it received a standard notice from Nasdaq indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the

Yahoo | May 19, 2022

LMP Automotive Holdings, Inc. Announces it Will Restate Previously Issued Financial Statements as of and For Each of the First Three Quarterly Periods in 2021

FORT LAUDERDALE, FL, May 19, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today announced that it plans to restate previously issued financial statements as of and for each of the first three quarterly periods in 2021 to correct certain accounting items. On May 16, 2022, management of LMP Automotive Holdings, Inc. and the audit committee of the Company’s board of direct

Yahoo | May 19, 2022

LMP Automotive Holdings, Inc. Provides a Corporate Update and Announces Delay of its First Quarter 2022 Financial Results

FORT LAUDERDALE, FL, May 17, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today provided a corporate update and announced a delay of its first quarter 2022 financial results for the period ended March 31, 2022. Delay of its First Quarter 2022 Financial Results As LMP continues its evaluation of (i) the proper identification and elimination of intercompany transactions,

Yahoo | May 18, 2022