Business
Last Mile Holdings Disposition of Collateral
Last Mile Holdings Disposition of Collateral.
About this update from Azn Capital Corp
[{"type":"text","content":"\n\n\n\nLast Mile Holdings Disposition of Collateral\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 Disposition of Collateral\nPR Newswire\nVANCOUVER, BC, Dec. 30, 2020\n\n\n\nVANCOUVER, BC, Dec. 30, 2020 /PRNewswire/ - Last Mile Holdings Ltd. (\"MILE\" or the \"Company\") (TSXV: MILE) (OTC: AZNVF) announces an update to the previously announced Notice of Acceleration and Demand for Payment under the secured notes.\nYesterday, a public disposition of collateral was conducted by the secured lender for Last Mile Holdings Ltd. (\"Last Mile\") and several of its indirect subsidiaries: OjO Electric Inc., Gotcha Mobility LLC, Gotcha Ride LLC, and Gotcha Bike LLC (collectively with Last Mile, the \"Companies\").  At the auction, the secured lender, Bolt Mobility Corporation, acquired substantially all of the assets of the Companies for a credit bid of USD$3 million.\nThe secured lender, following the foreclosure sale, granted a release to MILE of its corporate guarantee, subject to certain conditions the Company expects to fulfill. Once the conditions have been fulfilled the public parent company will only be liable for Canadian corporate liabilities.\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 Holdings\nAbout Gotcha Mobility Gotcha, a subsidiary of Last Mile Holdings, is a shared electric mobility company dedicated to providing innovative products and technologies that get people out of single-occupancy cars ...