Business
Last Mile Holdings Announces Update to Receipt of Notice of Default
Last Mile Holdings Announces Update to Receipt of Notice of Default.
About this update from Azn Capital Corp
[{"type":"text","content":"\n\n\n\nLast Mile Holdings Announces Update to Receipt of Notice of Default\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nLast Mile Holdings Announces Update to Receipt of Notice of Default\nPR Newswire\nVANCOUVER, BC, Dec. 16, 2020\n\n\n\nVANCOUVER, BC, Dec. 16, 2020 /PRNewswire/ - Last Mile Holdings Ltd. (\"MILE\" or the \"Company\") (TSXV: MILE) (OTC: AZNVF) announces that it has received a Notification of a Public Disposition of Collateral by its secured debt holder.\nFurther to the Company's press release dated December 1, 2020, due to the occurrence of various events of default under the secured notes, the Company's secured debt holder provided a Notice of Acceleration and Demand for Payment under the notes on November 27, 2020. Pursuant to Section 9-610 of the Uniform Commercial Code, the secured debt holder has now issued a Notification of a Public Disposition of Collateral pursuant to which it has confirmed that it will sell, at a public sale, all of the collateral, consisting of all of the Company's assets, to the highest qualified bidder. \nThe secured debt holder will sell the collateral at a public disposition on December 29, 2020 at 10:00 a.m. Central Standard Time (CST), which will be held by WebEx teleconference. Interested bidders should contact Sean Apfelbaum by telephone at (312) 263-3067 or by email at [email protected] for dial-in information.\nFor additional information on the Company, please visit lastmile-holdings.com. \nAbout Last Mile HoldingsLast Mile Holdings (TSXV: MILE; OTC: AZNVF), formerly OjO Electric, is a micro-mobility company in the U.S., offering the broadest product suite in the industry. Last Mile has 25 university and 45 municipal contracted shared mobility systems under the OjO and Gotcha brands. The acquisition of Gotcha in the first quarter of 2020 provides an expansive growth pipeline and a portfolio of products including electric bikes, scooters, and cruisers. For more information, visit lastmile-holdings.com.\nFollow us on social: LinkedIn: Last Mile Hold...