Item 8.01. Other Events.

On February 4, 2021, HyreCar Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Lake Street Capital Markets, LLC and Northland Securities, Inc., as representatives of the several underwriters, in connection with the public offering of 2,200,000 of the Company's shares of common stock, par value $0.00001 per share. The closing of the offering is expected to occur on or about February 8, 2021. Pursuant to the Underwriting Agreement, the Company granted the underwriters a 30-day option to purchase an additional 330,000 shares of common stock.

The Company estimates that the net proceeds from the sale of the 2,200,000 shares of common stock in the offering will be approximately $23.999 million, after deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company. If the underwriters exercise their option to purchase additional shares in full, we estimate that the net proceeds will be approximately $27.644 million.

A copy of the Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. The summary set forth above is qualified in its entirety by reference to Exhibit 1.1.

Item 9.01. Financial Statements and Exhibits






Exhibit
 Number    Description
  1.1        Underwriting Agreement, dated February 4, 2021, by and among the
           Company, Lake Street Capital Markets, LLC and Northland Securities,
           Inc., as representatives of the several underwriters
  5.1        Opinion of Polsinelli PC regarding legality of the shares of common
           stock
  23.1       Consent of Polsinelli PC (included in Exhibit 5.1)




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