secwatch.observer — SEC 8-K summary
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Issuer:     Getaround, Inc (—)
CIK:        0001839608
Form:       8-K
Filed at:   2026-06-09T20:15:21+00:00
Accession:  0001193125-26-263769
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 2.01, 2.03, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Getaround sells European business for €31.5M, reduces debt by $121.7M, and plans dissolution
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839608/000119312526263769/0001193125-26-263769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839608/000119312526263769/d62341d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-263769

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