LMP Automotive Holdings, Inc. Announces its Affiliates Entered into All-Cash Sale Agreements for its Remaining Dealership and its Associated Real Estate

FORT LAUDERDALE, Fla., Sept. 14, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (“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 sale agreements (the “Agreements”) to sell its Greenville, Tennessee dealership and its associated real estate (the “Sale”).
The Company anticipates that the expected closing of the Sale will occur in November of this year, subject to the terms of the Agreements and numerous conditions precedent to Closing including but not limited to obtaining regulatory approval.