---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-005227"
form_type: "8-K"
ticker: null
cik: "0001713832"
company_name: "HC LIQUIDATING, INC."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T15:35:50.936155+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# HyreCar files Chapter 11, secures $5M DIP financing, Holmes Motors to acquire assets for $7.75M

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-005227
- form_type: 8-K
- cik: 0001713832
- company_name: HC LIQUIDATING, INC.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1713832/000143774923005227/0001437749-23-005227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1713832/000143774923005227/hyre20230301_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-005227
- JSON: https://secwatch.observer/filing/0001437749-23-005227.json
- Plain text: https://secwatch.observer/filing/0001437749-23-005227.txt

## Key facts
- Distress & Bankruptcy
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1713832/000143774923005227/0001437749-23-005227-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.