secwatch.observer — SEC 8-K summary
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Issuer:     Getaround, Inc (—)
CIK:        0001839608
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000950170-23-014212
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Getaround faces NYSE delisting for late 10-K; convertible note conversion price cut to $9.21
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- NYSE notified Getaround on Apr 18 of non-compliance for failing to file FY2022 10-K; 6-month cure period.
- Previously disclosed NYSE notices for stock price <$1 and market cap <$50M; cure periods ongoing.
- Conversion price on $175M convertible notes automatically adjusted to minimum $9.21 per share, effective Apr 21.
- Potential share dilution rises from ~15.2M to ~19.0M shares upon conversion of notes.
- Company intends to cure all deficiencies; no immediate delisting of common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839608/000095017023014212/0000950170-23-014212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839608/000095017023014212/getr-20230418.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014212

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer