LOS ANGELES, June 27, 2018 /PRNewswire/ -- HyreCar Inc., a peer-to-peer ridesharing platform, today announced the pricing of its initial public offering of 2,520,000 shares of its common stock at a price to the public of $5.00 per share. The shares are expected to begin trading on the Nasdaq Capital Market today, June 27, 2018, under the symbol "HYRE." The offering is expected to close on June 28, 2018, subject to customary closing conditions.
In addition, HyreCar has granted the underwriters a 45-day option to purchase up to 378,000 additional shares of common stock at the initial public offering price less underwriting discounts.
Network 1 Financial Securities, Inc. is acting as the managing underwriter for the offering.
The offering will be made only by means of a prospectus. Copies of the 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.