--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-263769" form_type: "8-K" ticker: null cik: "0001839608" company_name: "Getaround, Inc" filed_at: "2026-06-09T20:15:21+00:00" generated_at: "2026-06-09T20:19:08.026436+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.95 calibrated_materiality_score: 0.95 confidence: "high" source: SEC EDGAR --- # Getaround sells European business for €31.5M, reduces debt by $121.7M, and plans dissolution ## Summary - Sold European subsidiaries to GoMore ApS for ~€31.5M in cash and promissory note, plus up to €2.3M in tax credit receivables. - Mudrick Capital agreed to cancel $121.7M of senior secured debt in exchange for sale proceeds; new $3M super priority note issued at 15% interest. - Board determined to dissolve company under DGCL Section 275; special stockholder meeting to be called for approval. - New SPN matures April 30, 2027; initial draw of $0.5M, with proceeds for wind-down costs. ## SEC filing metadata - accession: 0001193125-26-263769 - form_type: 8-K - cik: 0001839608 - company_name: Getaround, Inc - filed_at: 2026-06-09T20:15:21+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.95 - calibrated_materiality_score: 0.95 - confidence: high - sec_items: 1.01, 2.01, 2.03, 8.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1839608/000119312526263769/0001193125-26-263769-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839608/000119312526263769/d62341d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-263769 - JSON: https://secwatch.observer/filing/0001193125-26-263769.json - Plain text: https://secwatch.observer/filing/0001193125-26-263769.txt ## Key facts - Debt Financings Getaround, Inc incurred loan of up to $3.0 million with Mudrick Capital Management L.P. at 15.00% per annum maturing April 30, 2027. - Instrument: loan - Principal: up to $3.0 million - Counterparty: Mudrick Capital Management L.P. - Rate: 15.00% per annum - Maturity: April 30, 2027 - Event: incurrence source text: In connection with the entry into the Mudrick letter agreement described above, Mudrick also agreed to provide the Company with up to $3.0 million in funding, subject to certain conditions, for the Company’s wind-down pursuant to a new super priority secured promissory note, which note was issued on April 30, 2026, concurrent with the closing of the GoMore transaction (the “New SPN”), of which the Company initially drew $0.5 million on the date of the New SPN. evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000119312526263769/0001193125-26-263769-index.htm - M&A Transactions Getaround, Inc completed a disposition involving GoMore ApS for approximately 31.5 million euros, consisting of cash and a non-interest-bearing promissory note (closed 2026-04-30). - Action: disposition - Counterparty: GoMore ApS - Consideration: approximately 31.5 million euros, consisting of cash and a non-interest-bearing promissory note - Closing: 2026-04-30 source text: the transaction effective as of April 30, 2026. Under the terms of the SPA, GoMore acquired all of the equity interests of the Targets for a purchase price of approximately 31.5 million euros, consisting of cash and a non-interest-bearing promissory note, which promissory note is subject to reduction for early prepayment. In addition, the SPA provides for evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000119312526263769/0001193125-26-263769-index.htm - Material Agreements Getaround, Inc entered into share sale and purchase agreement with GoMore ApS valued at approximately 31.5 million euros, consisting of cash and a non-interest-bearing promissory note (effective 2026-04-22). - Action: entry - Agreement: asset purchase - Counterparty: GoMore ApS - Value: approximately 31.5 million euros, consisting of cash and a non-interest-bearing promissory note - Effective: 2026-04-22 source text: on April 22, 2026, after the council opinion was obtained (or deemed to have been obtained in accordance with French law) and the GoMore financing secured, the Sellers and GoMore entered into the SPA in substantially the form contemplated at the time that the GoMore letter agreement was executed and consummated the transaction effective as of April 30, 2026. Under the terms of the SPA, GoMore acquired all of the equity interests of the Targets for a purchase price of approximately 31.5 million euros, consisting of cash and a non-interest-bearing promissory note evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000119312526263769/0001193125-26-263769-index.htm - Material Agreements Getaround, Inc entered into New SPN with Mudrick Capital Management L.P. valued at up to $3.0 million in funding (effective 2026-04-30). - Action: entry - Agreement: credit facility - Counterparty: Mudrick Capital Management L.P. - Value: up to $3.0 million in funding - Effective: 2026-04-30 source text: Mudrick also agreed to provide the Company with up to $3.0 million in funding, subject to certain conditions, for the Company's wind-down pursuant to a new super priority secured promissory note, which note was issued on April 30, 2026, concurrent with the closing of the GoMore transaction (the “New SPN”), of which the Company initially drew $0.5 million on the date of the New SPN evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000119312526263769/0001193125-26-263769-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.