secwatch.observer — SEC 8-K summary
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Issuer:     Getaround, Inc (—)
CIK:        0001839608
Form:       8-K
Filed at:   2023-12-14T23:59:59+00:00
Accession:  0000950170-23-070209
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Getaround amends super priority note with Mudrick to $18.6M at 15% interest, adds $3M capital
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- Amended note principal $18,635,500 (up from $15,040,685); includes $594,815 accrued interest and $3M new capital.
- Interest rate 15% per annum, increases 2% upon default; maturity August 7, 2024, with 108% of principal plus interest due.
- Company may request up to $17M additional under the note; mandatory prepayment from equity or asset sale proceeds.
- Mudrick also holds convertible notes due 2027; new note ranks senior to all other indebtedness.
- NYSE filed to delist warrants (GETR WS) on Dec 13, 2023 due to low price; effective Dec 26, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839608/000095017023070209/0000950170-23-070209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839608/000095017023070209/getr-20231211.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-070209

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