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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.
Find detailed analytics on GETR stock on TipRanks’ Stock Analysis page.