HyreCar Announces Completion of a $29.7 Million Public Offering of Common Stock, Including Full Exercise of Underwriters’ Option

LOS ANGELES--(BUSINESS WIRE)--HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, food, and package delivery services, today announced that on February 9, 2021, it completed a previously announced underwritten public offering of an aggregate of 2.53 million shares of its common stock at a public offering price of $11.75 per share for gross proceeds of approximately $29.7 million, before deducting underwriting discounts and commissions and estimated offering expenses, which includes the exercise in full of the underwriters’ option to purchase 330,000 additional shares. Lake Street Capital Markets, LLC and Northland Securities acted as joint book-running managers for the offering.