HyreCar Retains Northland Capital Markets as Advisor to Explore Strategic Alternatives
LOS ANGELES, Feb. 06, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (OTC: HYRE) (“HyreCar” or the “Company”), the carsharing marketplace for ridesharing and food and package delivery services, today announced that, pursuant to its previously disclosed process to evaluate potential strategic alternatives meant to maximize shareholder value for the Company, the Company’s board of directors (the “Board”) has retained Northland Capital Markets (“Northland”) as its financial advisor.
- LOS ANGELES, Feb. 06, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (OTC: HYRE) (“HyreCar” or the “Company”), the carsharing marketplace for ridesharing and food and package delivery services, today announced that, pursuant to its previously disclosed process to evaluate potential strategic alternatives meant to maximize shareholder value for the Company, the Company’s board of directors (the “Board”) has retained Northland Capital Markets (“Northland”) as its financial advisor.
- With assistance from Northland and its other advisors, the Board will assess a full range of strategic alternatives, including a sale, merger, divestiture, recapitalization, going private transaction, additional financing, and other significant transactions.
- To date, the Company has received multiple executed NDAs in consideration of a potential transaction or strategic partnership.
- The Board has not set a timetable for the conclusion of its evaluation of strategic alternatives and has not made any decisions related to strategic alternatives at this time.