secwatch.observer — SEC 8-K summary
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Issuer:     Getaround, Inc (—)
CIK:        0001839608
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000950170-23-040732
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839608/000095017023040732/0000950170-23-040732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839608/000095017023040732/getr-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-040732

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