Brief: LMP Announces $20 Mln Private Placement Of Series A Convertible Preferred Stock

LMP Automotive Holdings

25/02/2021 24:29

Feb 25 (Reuters) - Lmp Automotive Holdings Inc  LMPX.O :
    * LMP ANNOUNCES $20 MILLION PRIVATE PLACEMENT OF SERIES A
CONVERTIBLE PREFERRED STOCK
    * INTENDS TO USE PROCEEDS TO DRIVE GROWTH, INCLUDING CLOSING
ON
ITS STAGE 1 ACQUISITIONS
    * WILL ISSUE AND SELL 20,100 SHARES OF A NEWLY CREATED
SERIES OF
SERIES A CONVERTIBLE PREFERRED STOCK
    * PREFERRED STOCK WILL BE CONVERTIBLE INTO SHARES AT AN
INITIAL
CONVERSION PRICE OF $17.50 PER SHARE

Source text for Eikon:  ID:nGNXbT4kKG 
Further company coverage:  LMPX.O 

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