secwatch.observer — SEC 8-K summary
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Issuer:     HC LIQUIDATING, INC. (—)
CIK:        0001713832
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001437749-23-015490
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1713832/000143774923015490/0001437749-23-015490-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1713832/000143774923015490/hyre20230519_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-015490

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