---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-015490"
form_type: "8-K"
ticker: null
cik: "0001713832"
company_name: "HC LIQUIDATING, INC."
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:20:30.624307+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# HyreCar completes asset sale to Getaround; name changed to HC Liquidating; stockholders unlikely to receive any proceeds

## Summary
- Sale of substantially all assets to Getaround for $8.125M cash plus assumption of liabilities; approved by Bankruptcy Court on May 15, 2023.
- Company renamed to HC Liquidating, Inc. effective May 16, 2023.
- Proceeds insufficient to satisfy all debts; stockholders highly unlikely to receive any distribution.
- Break-up fee of $232,500 plus expense reimbursements up to $125,000 paid to Holmes Motors as stalking horse.
- Getaround determined as winning bidder after auction on May 8, 2023.

## SEC filing metadata
- accession: 0001437749-23-015490
- form_type: 8-K
- cik: 0001713832
- company_name: HC LIQUIDATING, INC.
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1713832/000143774923015490/0001437749-23-015490-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1713832/000143774923015490/hyre20230519_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-015490
- JSON: https://secwatch.observer/filing/0001437749-23-015490.json
- Plain text: https://secwatch.observer/filing/0001437749-23-015490.txt

## Key facts
- Governance Changes
  HC LIQUIDATING, INC.: Company changed its name from HyreCar Inc. to HC Liquidating, Inc. via a Certificate of Amendment of Certificate of Incorporation (effective 2023-05-16).
  - Change: charter amendment
  - Effective: 2023-05-16
  source text: the Company filed a Certificate of Amendment of Certificate of Incorporation with the Delaware Secretary of State on May 16, 2023 changing its name from HyreCar Inc. to HC Liquidating, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1713832/000143774923015490/0001437749-23-015490-index.htm
- M&A Transactions
  HC LIQUIDATING, INC. completed a disposition involving Getaround, Inc. for Cash at Closing in an amount equal to $8,125,956 (closed 2023-05-16).
  - Action: disposition
  - Counterparty: Getaround, Inc.
  - Consideration: Cash at Closing in an amount equal to $8,125,956
  - Closing: 2023-05-16
  source text: the purchase of the assets was: (i) the Deposit required by the Bidding Procedures; (ii) Assumption of the Assumed Liabilities; and (iii) Cash at Closing in an amount equal to $8,125,956 minus (x) the Deposit amount minus (y) the aggregate amount of Seller-Responsible Vendor Liabilities paid by Getaround as of the Closing Date up to an amount not to exceed the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1713832/000143774923015490/0001437749-23-015490-index.htm
- Material Agreements
  HC LIQUIDATING, INC. entered into Asset Purchase Agreement with Getaround, Inc. valued at Cash at Closing in an amount equal to $8,125,956 minus (x) the Deposit amount minus (y) the aggregat (effective 2023-05-16).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Getaround, Inc.
  - Value: Cash at Closing in an amount equal to $8,125,956 minus (x) the Deposit amount minus (y) the aggregat
  - Effective: 2023-05-16
  source text: On May 16, 2023, HC Liquidating, Inc., formerly known as HyreCar Inc., a Delaware corporation (the “Company”), completed the sale of substantially all of its assets (the “Transaction”) to Getaround, Inc., a Delaware corporation (“Getaround”), and its wholly owned subsidiary HyreCar LLC, a Delaware limited liability company, pursuant to the terms of an asset purchase agreement entered into on May 8, 2023 (the “Asset Purchase Agreement”) and approved by the Bankruptcy Court on May 15, 2023 pursuant to a Sale Order.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1713832/000143774923015490/0001437749-23-015490-index.htm

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