

SANTA ANA, Calif. , Aug. 26, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP announces that the United States District Court for the Central District of California has approved the following announcement of a proposed settlement that would benefit purchasers of HyreCar Inc. publicly traded common stock (OTCMKTS: HYREQ): UNITED STATES DISTRICT COURTCENTRAL DISTRICT OF CALIFORNIA Case No.

HyreCar to sell substantially all of its assets to carsharing marketplace leader, Getaround, unlocking new opportunities for gig economy workers and vehicle owners HyreCar to sell substantially all of its assets to carsharing marketplace leader, Getaround, unlocking new opportunities for gig economy workers and vehicle owners

Getaround Inc said that it will scale its car sharing platform by acquiring the assets of HyreCar, another car sharing marketplace for $9.45 million. San Francisco-based Getaround said that it expects to realize up to $75 million of run rate annualized gross booking value from the deal, which will contribute to positive adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, profitability.

Futures are firmer again on Friday. And, yet again, the S&P 500 SPX, -0.17% is eyeing the top of the range — 3,800 to 4,200 –with which it has been flirting for several months.

Peer-to-peer car sharing company Getaround said Thursday it will acquire the assets of HyreCar, another car sharing marketplace, for $9.45 million. Getaround expects to realize up to $75 million of run rate annualized gross booking value from the deal, which the company says will contribute to positive adjusted EBITDA profitability.

Shares of car-sharing company Getaround Inc. GETR, -6.20% rose more than 40% in the extended session Thursday after the company said it plans to buy all of the assets of HyreCar Inc. HYREQ, +3.70%, which offers car rentals for gig-economy drivers, for $9.45 million. The acquisition is expected to accelerate Getaround's “path to profitability,” the company said.
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