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Agreement signedPublished 8 Mar 2023

Holmes Motors Inc. /
HyreCar Inc.

Holmes Motors Inc. agrees to buy HyreCar Inc. assets

Terms
Not stated
Stage
Agreement signed
Buy side: Holmes Motors Inc.
Buy sideHolmes Motors Inc.
Target: HyreCar Inc.
TargetHyreCar Inc.
Source · 8 Mar 2023
See the source
Buy side: Holmes Motors Inc.
Buy sideHolmes Motors Inc.
Target: HyreCar Inc.
TargetHyreCar Inc.
01 / BuyerHolmes Motors Inc.
02 / TargetHyreCar Inc.
01

What happened

Holmes Motors Inc. agreed to purchase substantially all of HyreCar Inc.’s assets under an asset purchase agreement dated March 2, 2023. The transaction is subject to bankruptcy court approval and customary closing conditions.

The agreement provides for $7,750,000 in cash at closing, minus certain liabilities. A competitive bidding process will give third parties an opportunity to bid on the assets.

02

The source

Everything on this page comes from the source below.

01
Source · Original source

Holmes Motors Inc. agrees to buy HyreCar Inc. assets

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03

Timeline

Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.

  1. Announced

    The source this page is built from.

  2. Published by the source

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