Form 8-K Getaround, Inc For: Sep 08

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Go back to Form 8-K Getaround, Inc For: Sep 08

Getaround (GETR) Enters Refinancing Transactions

September 13, 2023 6:14 AM EDT

On September 8, 2023, Getaround, (NYSE: GETR) entered into certain agreements related to the consolidation and refinancing of certain indebtedness and the borrowing of additional funds (the Refinancing Transaction). In the Refinancing Transaction, among other things, (i) the Company repaid in full the principal and unpaid accrued interest under a promissory note (the Bridge Note) with 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. or its affiliates (the Bridge Noteholder), dated August 7, 2023 and (ii) the Company received new funding in an... More