---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-040732"
form_type: "8-K"
ticker: null
cik: "0001839608"
company_name: "Getaround, Inc"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:18:12.119003+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Getaround enters $3M promissory note at 15% interest; 100% premium if cash repaid

## Summary
- $3M unsecured promissory note with Mudrick Capital Management, due September 7, 2023.
- Interest rate of 15% per annum compounded daily; 100% principal repayment premium if repaid in cash.
- Note expected to be exchanged for a secured note or convertible note as part of larger financing.
- Maturity is 31 days from issuance; proceeds provide additional capital for operations.

## SEC filing metadata
- accession: 0000950170-23-040732
- form_type: 8-K
- cik: 0001839608
- company_name: Getaround, Inc
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839608/000095017023040732/0000950170-23-040732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839608/000095017023040732/getr-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-040732
- JSON: https://secwatch.observer/filing/0000950170-23-040732.json
- Plain text: https://secwatch.observer/filing/0000950170-23-040732.txt

## Key facts
- Debt Financings
  Getaround, Inc incurred loan of $3 million with Mudrick Capital Management at 15% per annum compounded daily maturing September 7, 2023.
  - Instrument: loan
  - Principal: $3 million
  - Counterparty: Mudrick Capital Management
  - Rate: 15% per annum compounded daily
  - Maturity: September 7, 2023
  - Event: incurrence
  source text: On August 7, 2023 the Company entered into a promissory note (the “Note”) with Mudrick Capital Management for an aggregate principal amount of $3 million to provide additional capital to the Company. The Note has a maturity date of September 7, 2023 (the “Maturity Date”) and bears an interest rate of 15% per annum compounded daily.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000095017023040732/0000950170-23-040732-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.