First of Multiple Potential Deals to Close By Week End; Continuing Discussions With Interested Partners
VANCOUVER, BC , Nov. 16, 2020 /PRNewswire/ - Last Mile Holdings Ltd. ("MILE" or the "Company") (TSXV: MILE) (OTC: AZNVF), a micro-mobility company offering the broadest product suite in the industry, has completed the first phase of its strategic restructuring process. The Company, with the help of Rock Creek Advisors, is pursuing various opportunities to bolster liquidity. One such opportunity, a sale of some hard assets, is scheduled to close by the end of this week.
At the same, time, the Company continues to explore various potential transactions with other parties.
Interested parties, including existing shareholders familiar with the Company, should contact Rock Creek Advisors this week, as other opportunities continue to move forward.
For more information on Last Mile Holdings, 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 .
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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 .
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