Getaround, Inc. (GETR) just unveiled an announcement.
Getaround, Inc. has announced an additional $20 million in financing from Mudrick Capital Management L.P., strengthening its existing debt facility. Additionally, Mudrick Capital plans to convert at least $10 million of its convertible notes into shares at a new price of $0.25 each, pending shareholder approval at the upcoming annual meeting. This strategic financial maneuver aims to bolster Getaround’s market position and capital structure.
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