secwatch.observer — SEC 8-K summary
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Issuer:     Getaround, Inc (—)
CIK:        0001839608
Form:       8-K
Filed at:   2022-12-14T23:59:59+00:00
Accession:  0001193125-22-304902
Event type: m_and_a
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.01, 5.06, 5.03, 5.02, 3.02, 4.01, 2.03, 3.03, 5.01, 5.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Getaround completes de-SPAC merger; 94% of public shares redeemed; $175M notes issued
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- Merger closed Dec 8, 2022; Getaround begins trading as GETR and GETR WS on NYSE.
- 94% of public shares redeemed (~24.3M at ~$10.11 each); only 1.55M public shares remain; non-redeemers get ~5.8 bonus shares per share.
- $175M senior secured convertible notes issued to Mudrick Capital; 8% cash (9.5% PIK) interest, convertible at ~$11.50, matures Dec 2027.
- Convertible notes subscriber gets up to 2.8M warrants at $11.50 strike plus 266,156 equitable adjustment shares.
- Company exits shell status; new board and management take effect immediately per proxy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839608/000119312522304902/0001193125-22-304902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839608/000119312522304902/d432179d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-304902

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