UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 9, 2020

Registrant’s telephone number, including area code: (954) 895-0352

601 N. State Road 7, Plantation, Florida, 33317

Former name or former address, if changed since last report

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

On October 9, 2020, LMP Long Island 001 Holdings, LLC, a Delaware limited liability corporation, a subsidiary of LMP Automotive Holdings, Inc., a Delaware corporation, entered into a membership interest purchase agreement (the “MIPA”) with John Staluppi (the “Seller”), to acquire a 70% interest in Atlantic Automotive Group and its subsidiaries (collectively, “AAG”) in exchange for an aggregate purchase price of $425,600,000. AAG owns and operates 19 franchised dealerships that offer new and used vehicles, vehicle financing services, warranties and insurance contracts, parts sales, automotive repair and maintenance services in the New York area. The closing of the acquisition is subject to certain customary conditions and manufacturer approvals.

The MIPA 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 MIPA and the transactions contemplated thereby is not complete and is qualified in its entirety by the contents of the MIPA.

A copy of the press release announcing the transactions contemplated by the MIPA is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.

(d) Exhibits

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.

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