LOS ANGELES, June 29, 2018 /PRNewswire/ -- HyreCar Inc. (NASDAQ: HYRE), a peer-to-peer ridesharing platform, today announced the closing of its previously announced initial public offering of 2,520,000 shares of its common stock, at a price to the public of $5.00 per share.
HyreCar has received total gross proceeds of $12.6 million before deducting underwriting fees and estimated offering expenses. HyreCar also granted the underwriters a 45-day option to purchase an additional 378,000 shares of common stock at the initial public offering price, which if exercised, would generate another $1.89 million of gross proceeds before underwriting discounts and commissions. The underwriters have not yet exercised such option.
The shares began trading on the Nasdaq Capital Market under the symbol "HYRE" on June 27, 2018.
Network 1 Financial Securities, Inc. acted as the managing underwriter for the offering.
The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from:
Network 1 Financial Securities, Inc., 2 Bridge Ave #241, Red Bank, NJ 07701, or by e-mail at [email protected], or by telephone at 1-(800) 886-7007.
A registration statement related to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About HyreCar
HyreCar actively operates in 34 states plus Washington, D.C. The peer-to-peer platform was created to leverage technology and establish a presence in automotive asset sharing. Drivers and vehicle owners alike can utilize the platform to create an opportunity for themselves where one did not previously exist. By providing a safe, secure, and reliable marketplace, HyreCar helps both parties come together– one driver, one vehicle, one road at a time.
Investors
[email protected]
Media Contact
Ronjini Joshua
[email protected]
SOURCE HyreCar Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article