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New Deal


Announced

Completed

AYRO completed the merger with DropCar.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Auto Services

Friendly

United States

Completed

Public

Majority

vehicle support

Merger

fleet logistics

Single Bidder

Acquisition

Synopsis

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AYRO, a US-based designer and manufacturer of purpose-built, automotive-grade, all-electric vehicles, completed the merger with DropCar, which provides automotive vehicle support, fleet logistics, and concierge services for consumers and automotive industries in the United States. "Following an extensive review of strategic alternatives, we believe that this merger with AYRO is the best path forward and has the potential to deliver significant and immediate value to DropCar shareholders. We look forward to incorporating the strength and dedication of the AYRO leadership team into the combined company," Joshua Silverman, DropCar Chairman.

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