 PLANTATION, FL ACCESSWIRE February 13, 2020 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 public offering of 1,200,000 shares of its common stock at a public offering price of 16.00 per share, for gross proceeds of 19,200,000, prior to deducting underwriting discounts, commissions and other offering expenses. The Company has also granted the underwriter a 45-day over-allotment option to purchase up to an additional 180,000 shares of common stock at the public offering price, less underwriting discounts and commissions. 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. 