tiprankstipranks
Trending News
More News >

Getaround Strengthens Finances and Leadership Team

Getaround Strengthens Finances and Leadership Team

Confident Investing Starts Here:

Getaround, Inc. (GETR) has provided an announcement.

Getaround, Inc. has modified its financing agreement with Mudrick Capital Management, increasing the aggregate principal amount to over $83 million, which includes additional capital of $20 million for the company. The interest rate on this senior secured note is 15% per annum, with a potential increase upon default, and is set to mature on August 7, 2026. In corporate moves, Patricia Huerta has been appointed as Getaround’s Interim CFO, bringing a wealth of financial expertise from previous senior roles. This strategic financial restructuring and executive appointment aim to strengthen Getaround’s financial position and leadership team.

For a thorough assessment of GETR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App