LMP Automotive Holdings, Inc.: directors' dealings · United States · SEC (Form 4)

About LMP Automotive Holdings, Inc.

LMP Automotive Holdings, Inc. (ticker: LMPX) is a U.S. automotive retail and mobility-services company that was originally built as an integrated platform spanning vehicle sales, financing, insurance, and aftersales services. The company was formed as a Delaware corporation in December 2017, and its common stock was listed on the NASDAQ Capital Market under the symbol LMPX when it went public in late 2019. Founded by Samer Tawfik, LMP’s early strategy was to consolidate automotive dealership assets in the United States while layering digital retail capabilities and ancillary financial products on top of the core vehicle transaction. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1731727/000121390020004749/f10k2019_lmpautomotive.htm?utm_source=openai)) Operationally, LMP described itself as an e-commerce and facilities-based automotive retailer in the United States. Its business model included buying, selling, renting, subscribing for, and arranging financing for automobiles, both online and in person. Public filings also describe the sale of new and used vehicles, plus automotive repair and maintenance, which together created an end-to-end ownership-lifecycle offering. That combination of retail inventory, finance and insurance products, and service work was intended to generate multiple revenue streams rather than relying solely on vehicle gross profit. ([investing.com](https://www.investing.com/equities/lmp-automotive-holdings-inc-company-profile?utm_source=openai)) The company’s headquarters and principal business address were in Florida, with SEC documents showing Plantation and later Fort Lauderdale, United States, as its business location. Geographically, LMP’s footprint was overwhelmingly domestic, focused on U.S. dealership operations rather than international expansion. Its growth plan centered on acquiring and partnering with automotive dealership groups across the United States, which would have positioned it as a consolidator in a fragmented retail auto market. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1731727/0001213900-22-003053-index.html?utm_source=openai)) From a competitive standpoint, LMP operated in a highly crowded industry where scale, access to inventory, financing relationships, and operational discipline are critical. The company’s model aimed to differentiate through omnichannel retail and a broader product stack, but its public-market history was complicated by accounting restatements, delayed SEC filings, and other compliance issues. In 2022, LMP announced the sale of substantially all of its assets and said it intended to voluntarily delist from NASDAQ and later deregister its securities, which materially changed the investment case and reduced ongoing public disclosure. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1731727/000121390022020872/ea158612ex99-1_lmpautomot.htm?utm_source=openai)) For investors, especially French, Belgian, and Swiss readers, LMPX should be viewed less as a conventional listed growth story and more as a restructuring/liquidation-oriented situation linked to the U.S. market. The most material recent developments available in public sources are the asset sale, the NASDAQ delisting process, and the company’s stated plan to curtail expenses and suspend Exchange Act reporting. That means any current analysis should be cautious, source-driven, and based on the latest SEC disclosures rather than on assumptions about an ongoing scaled retail expansion. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1731727/000121390022047389/ea163881ex99-1_lmpauto.htm?utm_source=openai))