secwatch.observer — SEC 8-K summary
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Issuer:     HC LIQUIDATING, INC. (—)
CIK:        0001713832
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001437749-23-005227
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1713832/000143774923005227/0001437749-23-005227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1713832/000143774923005227/hyre20230301_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-005227

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer