The Chicago Entrepreneur

: Getaround stock rallies more than 40% after HyreCar deal

Shares of car-sharing company Getaround Inc. GETR rose more than 40% in the extended session Thursday after the company said it plans to buy all of the assets of HyreCar Inc. HYREQ , which offers car rentals for gig-economy drivers, for $9.45 million. The acquisition is expected to accelerate Getaround’s “path to profitability,” the company said. The deal is expected to close on Tuesday. The stock ended the regular trading day down 6.2%.

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