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 dealership in Beckley, WV (the “Sale”).