LMP Automotive Holdings, Inc. today announced it will issue a shareholder liquidation distribution of $0.20 per share on February 7, 2024, to all shareholders as of record of January 31, 2...
LMP Automotive Holdings, Inc. (LMPX)
Company Research
Source: Yahoo! Finance
shareholder distribution of $0.20 per share on or about February 7, 2024, to all shareholders of record as of January 31, 2024 (the “Liquidation Distribution”) and provided a corporate update. The Company further announced that it's Chairman and Chief Executive Officer Sam Tawfik agreed to provide his management services to the Company without compensation commencing after March 1, 2024, and hold perfunctory office until expiration of Delaware dissolution period, filing of final Tax Returns and final Distributions, if any, are made. After the payment of the final dissolution costs and the resolution of any contingent, conditional or unmatured contractual claims of the Company, the Company anticipates that it will make another liquidating distribution to its shareholders payable upon surrender of the shares. Although the Company cannot project how much cash, if any, will remain after the completion of the final dissolution, the Company expects to issue one or more liquidating distrib
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