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    LMPX — LMP Automotive Holdings News Story

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    Brief: Lmp Automotive Holdings Inc - Entered Into A Definitive Acquisition Agreement For A Kia Dealership In New York

    Picture of LMP Automotive Holdings logoLMP Automotive Holdings
    09/08/2021 14:16
    Aug 9 (Reuters) - Lmp Automotive Holdings Inc  LMPX.O :
    * LMP AUTOMOTIVE HOLDINGS INC - ENTERED INTO A DEFINITIVE
ACQUISITION AGREEMENT FOR A KIA DEALERSHIP IN NEW YORK
    * LMP AUTOMOTIVE HOLDINGS INC - PURCHASE PRICE OF ABOUT $14
MILLION
    * LMP AUTOMOTIVE HOLDINGS - PURCHASE PRICE EXPECTED TO BE
FUNDED
THROUGH CASH ON BALANCE SHEET, UP TO $5 MILLION IN COMMON STOCK,
DEBT FINANCING
    * LMP AUTOMOTIVE HOLDINGS INC - ACQUISITION EXPECTED TO ADD
ABOUT
$2.7 MILLION IN ADJUSTED EBITDA OR $0.26 PER SHARE IN 2022

Source text for Eikon:  ID:nGNX8zN0Y6 
Further company coverage:  LMPX.O 

 ((Reuters.Briefs@thomsonreuters.com;))

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