|Bid||0.1050 x N/A|
|Ask||0.1100 x N/A|
|Day's Range||0.1000 - 0.1400|
|52 Week Range||0.0700 - 0.9700|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The net proceeds from the Offering will be used for general working capital purposes as well as to purchase approximately 4,000 new vehicles, which will be deployed to meet contractual agreements with 10 municipalities and universities for shared mobility systems. Last Mile Holdings (MILE.V), formerly OjO Electric, is one of the largest micro-mobility companies in the U.S., offering the broadest product suite in the industry.
VANCOUVER, BC, July 6, 2020 /CNW/ - Last Mile Holdings Ltd. ("MILE" or the "Company") (TSXV: MILE) (OTC: AZNVF), a leading micro-mobility company with the broadest product suite in the industry, today provided an additional update highlighting certain key performance indicators driving the recent success and significant growth in its recently acquired and now fully integrated operating subsidiary, Gotcha Mobility ("Gotcha"). The Company's announcement is a further update to a prior press release originally issued on June 17, 2020. Excluding depreciation, cash contribution per ride of $3.70 represents a 39% contribution margin.
In response to the COVID-19 pandemic, securities regulatory authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days to complete their regulatory filings. The Company is expecting to file its interim financial statements and management discussion and analysis for the three month period ended March 31, 2020 (the "Interim Filings") by the extension date of July 16, 2020. The Company's management and other insiders will be subject to a trading black-out that reflects the principles in Section 9 of National Policy 11-207 until its Interim Filings are filed, which will be by July 16, 2020.