Section 3.01 Notice of Cancellation or Non-Compliance with a Rule or Standard for Maintaining Listing; Registration transfer.
As indicated previously, the May 19, 2022, LMP Automotive Holdings, Inc. (the “Company”) has received notice (the “Notice”) from Nasdaq Listing Qualifications personnel of The Nasdaq Stock Market LLC (“Nasdaq”) that, as a result of its failure to timely file its annual report on Form 10-K for the fiscal year ended December 31, 2021 and quarterly report on Form 10-Q for the period ended March 31, 2022 the Company remains in non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Security and Exchange Commission. The Company announced today that in connection with the previously announced sale of substantially all of its assets, it has notified Nasdaq of its intention to voluntarily withdraw its common stock from the Nasdaq Capital Market. The Company plans to file a Form 25 with the Security and Exchange Commission to effect the voluntary delisting of the Common Stock pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) on or about
August 15, 2022and that the cancellation will be effective on or about August 25, 2022 – ten days after the filing of the Form 25. Following the delisting, the Company expects its common stock to trade at the OTC Pink Market level. Following the delisting, in order to reduce expenses, the Company intends in the future to delist its common stock and suspend its reporting obligations under the Exchange Act.
On August 15, 2022 the company issued a press release regarding its voluntary delisting, a copy of which is attached to this current report.
Item 9.01 Financial statements and supporting documents.
In accordance with the rules and regulations of the SECONDthe company filed the press release as Exhibit 99.1 to this Current Report on Form 8-K.
Exhibit No. Description of Exhibit
99.1 Press Release dated August 12, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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