secwatch.observer — SEC 8-K summary
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Issuer:     Getaround, Inc (—)
CIK:        0001839608
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0000950170-24-006731
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Getaround secures up to $20M debt from Mudrick Capital; Q3 revenue +42% YoY, board changes
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- Debt facility of up to $20M; first $5M drawn at 15% interest, matures Aug 2026.
- Q3 2023 revenue +42% YoY; trip contribution margin 52% (+640 bps).
- Jason Mudrick appointed to board; Ahmed Fattouh resigned.
- New unified global app launched Jan 17, integrating US and Europe platforms.
- Note is senior secured, can be increased by additional $15M under conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839608/000095017024006731/0000950170-24-006731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839608/000095017024006731/getr-20240112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-006731

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer