Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering

LOS ANGELES, June 7, 2018 -- Today, HyreCar Inc. announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of its common stock.

HyreCar Inc. plans to offer 2,100,000 shares of its common stock at a public offering price between $5-$6 per share. Hyrecar intends to list its common stock on the Nasdaq Capital Market under the ticker symbol "HYRE."

Network 1 Financial Securities Inc. is the managing underwriter for this offering.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering, when available, may be obtained from Network 1 Financial Securities Inc., 2 Bridge Ave #241, Red Bank, NJ 07701, or by email at info@network1.com, or by telephone at 1-800-886-7007.

HyreCar is a peer-to-peer car sharing marketplace that allows anyone to rent their idle cars to on-demand drivers active on major ridesharing platforms like Uber and Lyft.

A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About HyreCar
HyreCar actively operates in 34 states plus Washington, D.C. The peer-to-peer platform was created to leverage technology and establish a presence in automotive asset sharing. Drivers and vehicle owners alike can utilize the platform to create an opportunity for themselves where one did not previously exist. By providing a safe, secure, and reliable marketplace, HyreCar helps both parties come together– one driver, one vehicle, one road at a time.

Investors
Invest@HyreCar.com

Media Contact
Ronjini Joshua
HyreCar@thesilvertelegram.com

View original content with multimedia:http://www.prnewswire.com/news-releases/peer-to-peer-ridesharing-platform-hyrecar-files-registration-statement-for-proposed-initial-public-offering-300662079.html

SOURCE HyreCar Inc.