---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-050902"
form_type: "8-K"
ticker: null
cik: "0001839608"
company_name: "Getaround, Inc"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:13:26.605174+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Getaround draws $20M, secures up to $50M additional debt at 15% with Mudrick Capital

## Summary
- Principal increased to $61.7M including $20M new draw; up to $30M more available.
- Note bears 15% interest, matures August 7, 2026; 108% of principal plus accrued interest due.
- Senior secured obligation ranking above existing convertible notes; collateral on substantially all assets.
- Director Jeff Russakow resigned April 28; Jason Mudrick to join board; up to 3 independent directors to be appointed.

## SEC filing metadata
- accession: 0000950170-24-050902
- form_type: 8-K
- cik: 0001839608
- company_name: Getaround, Inc
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839608/000095017024050902/0000950170-24-050902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839608/000095017024050902/getr-20240428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-050902
- JSON: https://secwatch.observer/filing/0000950170-24-050902.json
- Plain text: https://secwatch.observer/filing/0000950170-24-050902.txt

## Key facts
- Debt Financings
  Getaround, Inc amended senior notes of $61,677,504.04 with Mudrick Capital Management L.P. at 15.00% per annum maturing August 7, 2026.
  - Instrument: senior notes
  - Principal: $61,677,504.04
  - Counterparty: Mudrick Capital Management L.P.
  - Rate: 15.00% per annum
  - Maturity: August 7, 2026
  - Event: amendment
  source text: in our current report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on January 24, 2024, to reflect an increased aggregate principal amount of $61,677,504.04, which is comprised of the original $40,303,393.49 principal amount under the Fourth A&R Note, $1,374,110.55 in accrued interest on the Note as of April 29, 2024, and an
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000095017024050902/0000950170-24-050902-index.htm
- Executive change
  Dr. Jeffrey Russakow resigned as Director at Getaround, Inc.
  - Action: resigned
  - Role: Director
  source text: Effective as of April 28, 2024, Dr. Jeffrey Russakow, a member of the Board, resigned from the Board, including all committees thereof.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000095017024050902/0000950170-24-050902-index.htm
- Material Agreements
  Getaround, Inc amended Fourth A&R Note with Mudrick Capital Management L.P. valued at $61,677,504.04 (effective 2024-04-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Mudrick Capital Management L.P.
  - Value: $61,677,504.04
  - Effective: 2024-04-29
  source text: On April 29, 2024, Getaround, Inc. (the “Company”) and 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. (the “Purchaser”), amended and restated the amended and restated super priority secured promissory note entered into by such parties on February 7, 2024 (the "Fourth A&R Note"), which replaced the Third A&R Note described in our current report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on January 24, 2024, to reflect an increased aggregate principal amount of $61,677,504.04
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000095017024050902/0000950170-24-050902-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.