HC LIQUIDATING, INC.: going-concern / distress — HyreCar files Chapter 11, secures $5M DIP financing, Holmes Motors to acquire assets for $7.75M

HC LIQUIDATING, INC.

Filed Chapter 11 on Feb 24, 2023 in Delaware; case number 23-10259.
Holmes Motors committed $5M DIP financing at 6% interest; interim $3.1M approved by court.
Holmes Motors to acquire substantially all assets for $7.75M as stalking horse, subject to higher bids.
Eduardo Iniguez appointed CEO and CFO; AJ Lee appointed COO.
Company expects no recovery for stockholders; sale process under Section 363.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

HC LIQUIDATING, INC. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-02-24).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2023-02-24

Exact text from the filing

On February 24, 2023, HyreCar Inc. (the “Company”) filed a voluntary petition (the “Bankruptcy Filing”) for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).

View on SEC.gov

Browse all distress & bankruptcy →

Source: SEC EDGAR

accession 0001437749-23-005227

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.