secwatch.observer — SEC 8-K summary
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Issuer:     Getaround, Inc (—)
CIK:        0001839608
Form:       8-K
Filed at:   2023-09-12T23:59:59+00:00
Accession:  0000950170-23-047783
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Getaround refinances with $15M super priority note, plans special meeting for convertible note adjustments
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- Repaid $3M bridge note and issued $15.05M super priority note to Mudrick Capital at 8% interest, maturing August 7, 2024.
- Conversion rate on existing 8%/9.5% convertible notes may adjust to 500 or 4,000 shares per $1,000 principal if note not repaid by Jan 31, 2024.
- Company must seek meaningful junior debt/equity investment or sale by Oct 27, 2023, and engage with prospective counterparties.
- Special stockholder meeting to approve conversion rate adjustments must be held by January 31, 2024.
- Company expects to file all delinquent periodic reports (including FY2022 audit) by November 15, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839608/000095017023047783/0000950170-23-047783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839608/000095017023047783/getr-20230908.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-047783

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