secwatch / observer
8-K/A filed September 13, 2023, 7:59 PM ET CIK 0001839608
debt confidence high sentiment negative materiality 0.80

Getaround, Inc: debt financing — Getaround corrects interest rate to 15% on $15M super-priority note to Mudrick Capital

Getaround, Inc

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Getaround, Inc incurred senior notes of $15,050,685 with Mudrick Capital Management L.P. at 15.00% per annum maturing August 7, 2024.

Instrument
senior notes
Principal
$15,050,685
Counterparty
Mudrick Capital Management L.P.
Rate
15.00% per annum
Maturity
August 7, 2024
Event
incurrence
Exact text from the filing
the Company issued and sold to Mudrick Capital Management L.P. on behalf of certain funds, investors, entities or accounts that are managed, sponsored or advised by Mudrick Capital Management L.P. or its affiliates (the “Purchaser”), a super priority note in an aggregate amount of $15,050,685 (the “Note”)
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Getaround, Inc entered into Subscription Agreement and Super Priority Note with Mudrick Capital Management L.P. valued at $15,050,685 principal amount, 15.00% per annum interest (effective 2023-09-08).

Action
entry
Agreement
notes offering
Counterparty
Mudrick Capital Management L.P.
Value
$15,050,685 principal amount, 15.00% per annum interest
Effective
2023-09-08
Exact text from the filing
On September 8, 2023, the Company issued and sold to Mudrick Capital Management L.P. on behalf of certain funds, investors, entities or accounts that are managed, sponsored or advised by Mudrick Capital Management L.P. or its affiliates (the “Purchaser”), a super priority note in an aggregate amount of $15,050,685 (the “Note”) pursuant to a subscription agreement dated September 8, 2023 (the “Subscription Agreement”), by and between the Purchaser and the Company, and the form of global note attached thereto.
View on SEC.gov

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Source: SEC EDGAR
accession 0000950170-23-047813
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