 PLANTATION, FL ACCESSWIRE December 9, 2019 LMP Automotive Holdings, Inc. LMPX the Company, an e-commerce and facilities-based platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles, today announced the closing of its initial public offering of 2,645,000 shares of its common stock at a public offering price of 5.00 per share, which includes 345,000 shares sold upon full exercise of the underwriters option to purchase additional shares of common stock. The Company intends to use the net proceeds from the offering primarily for strategic acquisitions, to build the Companys vehicle inventory, for working capital and other general corporate purposes. The shares described above were offered by the Company by means of a prospectus forming part of and pursuant to registration statements on Form S-1 Files No. 333-232172 and 333-235353 previously filed with, and subsequently declared effective by the Securities and Exchange Commission SEC or automatically effective, as applicable, on December 4, 2019. 