VANCOUVER, BC, Dec. 16, 2020 /CNW/ - 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.
Further 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.
The 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
sapfelbaum@perkinscoie.com for dial-in information.
For additional information on the Company, please visit
lastmile-holdings.com.
About Last Mile Holdings
Last 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.
Follow us on social:
LinkedIn: Last Mile Holdings
About 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 and safely onto efficient, sustainable
micro-transit products. The company operates electric bikes,
scooters, and cruisers as transportation solutions tailored to
cities and universities across the US. Gotcha empowers communities
to lead happier, more productive lives through the transformative
power of affordable, accessible micro-transit. For more
information, visit ridegotcha.com.
Follow us on social:
Instagram: @RideGotcha
Facebook: @RideGotcha
Cautionary Statement Regarding Forward-Looking
Information
This news release includes certain
"forward-looking statements" and "forward-looking information"
under applicable Canadian securities legislation that are not
historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, statements with respect to: Last Mile Holdings and
Gotcha's business and prospects and the Company's objectives, goals
or future plans, including the planned deployment of its mobility
units; and the business, operations, expected future costs and
revenues for and management of the Company. Forward-looking
statements are necessarily based on a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties and other factors which may cause
actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: the ability of Company to
meet its deployment targets, access to sufficient mobility units,
usage of mobility units, meeting the requirements of the permits
granted to Company including insurance, general business, economic
and social uncertainties including the impact of COVID-19;
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; delay or
failure to receive board, shareholder or regulatory approvals;
those additional risks set out in the Company's public documents
filed on SEDAR at www.sedar.com; and other discussed in this news
release. Accordingly, the forward-looking statements discussed in
this release, may not occur and could differ materially as a result
of these known and unknown risk factors and uncertainties affecting
the companies. Although the Company believes that the assumptions
and factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except where required by law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Reader Advisory
Neither the TSX-V nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX-V) accepts responsibility of the adequacy or
accuracy of this release.
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SOURCE Last Mile Holdings Ltd.
