secwatch.observer — SEC 8-K summary
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Issuer:     Getaround, Inc (—)
CIK:        0001839608
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-050902
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839608/000095017024050902/0000950170-24-050902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839608/000095017024050902/getr-20240428.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-050902

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