The EV maker’s lead auditor concluded the company has not taken timely and appropriate remedial action over potential illegal acts after senior executives improperly purchased discounted company equity right before it went public.
Why LMP Automotive's dealership acquisition goal is fizzling
LMP Automotive Holdings Inc., which wanted to roll up dozens of franchised dealerships, may instead be looking to sell eight franchised stores and four used-vehicle centers after it was unable to secure financing to close seven pending acquisitions.