UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Definitive Material Agreement.
On March 15, 2022, LMP Lubbock Finance, LLC, a Delaware limited liability company (“LMP Finance”), a wholly-owned subsidiary of LMP Automotive Holdings, Inc., a Delaware corporation (the “Company”) entered into an aircraft sales agreement (the “Agreement”) with RRGS Holdings LLC, a Delaware limited liability company (“RRGS”) to sell the Company’s Gulfstream G200 aircraft (the “Aircraft”) for approximately six million seven hundred thousand dollars ($6,700,000). The sale of the Aircraft is subject to customary closing conditions and is expected to close in the second quarter of 2022.
The Agreement is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Agreement and the transactions contemplated thereby is not complete and is qualified in its entirety by the contents of the Agreement.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |
| 10.1 | Aircraft Sales Agreement, dated as of March 15, 2022, by and between LMP Finance, LLC and RRGS Holdings LLC. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LMP AUTOMOTIVE HOLDINGS, INC. | ||
| March 15, 2022 | By: | /s/ Sam Tawfik |
| Name: | Sam Tawfik | |
| Title: | President and Chief Executive Officer | |
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