Fri, 29 May 2020

LMP Announces Pricing of Public Offering

ACCESSWIRE
12 Feb 2020, 00:05 GMT+10

PLANTATION, FL / ACCESSWIRE / February 11, 2020 / LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the 'Company'), an e-commerce and facilities-based platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles, today announced the pricing of a public offering of 1,200,000 shares of its common stock at a public offering price of $16.00 per share, for gross proceeds of $19,200,000, before deducting offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 180,000 shares of common stock at the public offering price, less the underwriting discount.

The offering is expected to close on February 13, 2020, subject to satisfaction of customary closing conditions.

ThinkEquity, a division of Fordham Financial Management, Inc., is acting as sole book-running manager for the offering.

A registration statement on Form S-1 (File No. 333-236260) relating to the shares was filed with the Securities and Exchange Commission ('SEC') and became effective on February 11, 2020. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at prospectus@think-equity.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Media Contact:

John Mattio
President and Founder
Lamnia Communicating Finance
(203) 885-1058
jmattio@lamniacom.com

SOURCE: LMP Automotive Holdings, Inc.



View source version on accesswire.com:
https://www.accesswire.com/576045/LMP-Announces-Pricing-of-Public-Offering

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