LMP Automotive Holdings Announces $13M Initial Public Offering
LMP Automotive Holdings (NASDAQ: LMPX), an e-commerce platform for buying, selling and financing used cars, recently announced the closing of their $13.2 million initial public offering ("IPO") on Nasdaq. The funds raised will be used to enable LMP to strategically plan their growth and other operations. ThinkEquity served as the lead manager on the deal.
Corporate partner Ali Panjwani, who represented LMP Automotive Holdings in the IPO, noted that "the deal was a total team effort in a pretty tight timeframe to make it happen. And everyone - LMP, ThinkEquity and internal folks - was fully aligned...it was a very smooth closing and process."
The deal was reported in numerous outlets, including Yahoo! and Seeking Alpha, among others.
About Pryor Cashman's Corporate and Securities Finance Team
Experienced in representing issuers, underwriters, placement agents, investors and other clients across a wide spectrum of industries, we have the insight to counsel clients in all aspects of capital markets equity and debt offerings. We structure offerings, prepare and negotiate deal documentation, conduct due diligence, prepare and review offering materials and any public disclosures, and handle Financial Industry Regulatory Authority (FINRA) filings. Our familiarity with various capital markets transactions also enables us to navigate issues related to federal and state securities laws, stock exchanges, the Securities and Exchange Commission (SEC) and FINRA.
