Sec Form 13D Filing - Mudrick Capital Management L.P. filing for GETAROUND INC (GETR) - 2023-08-09

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

 

 
 
Getaround Inc.

(Name of Issuer)

 

 

 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 
37427G101

(CUSIP Number)

 

Jason Mudrick 

Mudrick Capital Management, L.P. 

527 Madison Avenue, 6th Floor 

New York, New York 10022 

(646) 747-9500 

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

August 7, 2023

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).   

 

 

 

 

  

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Capital Management, L.P. 

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨   (b) x

 

(3)  

SEC USE ONLY 

 

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

27,204,887(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

27,204,887(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

27,204,887(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

22.8%(2) 

(14)  

TYPE OF REPORTING PERSON

 

PN 

             

(1)       Includes (i) 266,156 shares of common stock (“Common Stock”) of Getaround, Inc. (the “Issuer”), (ii) 19,938,731 shares of Common Stock issuable upon conversion of Convertible Notes, and (iii) 7,000,000 shares of Common Stock issuable upon the exercise of Warrants, in each case, directly held by Mudrick Distressed Opportunity Fund Global, L.P., Mudrick Distressed Opportunity Drawdown Fund II, L.P., Mudrick Distressed Opportunity Drawdown Fund II SC, L.P., Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P., Mudrick Distressed Opportunity SIF Master Fund, L.P., Mudrick Stressed Credit Master Fund, L.P., Mudrick Opportunity Co-Investment Fund, L.P., and certain accounts managed by Mudrick Capital Management, L.P., in the aggregate.

 

(2)       Based on 119,256,940 shares of Common Stock outstanding, which includes (i) 92,318,209 shares of Common Stock outstanding as of the date of this Amendment No. 1, based on information provided by the Issuer (the “Outstanding Shares”), (ii) 19,938,731 shares of Common Stock issuable upon the conversion of Convertible Notes in the aggregate beneficially owned by the Reporting Persons, and (iii) 7,000,000 shares of Common Stock issuable upon the exercise of Warrants beneficially owned by the Reporting Persons.

  

 2 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Capital Management, LLC 

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨  (b) x

 

(3)  

SEC USE ONLY

  

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

27,204,887(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

27,204,887(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

27,204,887(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

22.8%(2) 

(14)  

TYPE OF REPORTING PERSON

 

OO 

             

(1)       Includes (i) 266,156 shares of Common Stock, (ii) 19,938,731 shares of Common Stock issuable upon conversion of Convertible Notes, and (ii) 7,000,000 shares of Common Stock issuable upon the exercise of Warrants, in each case, directly held by Mudrick Distressed Opportunity Fund Global, L.P., Mudrick Distressed Opportunity Drawdown Fund II, L.P., Mudrick Distressed Opportunity Drawdown Fund II SC, L.P., Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P., Mudrick Distressed Opportunity SIF Master Fund, L.P., Mudrick Stressed Credit Master Fund, L.P., Mudrick Opportunity Co-Investment Fund, L.P., and certain accounts managed by Mudrick Capital Management, L.P., in the aggregate.

 

(2)       Based on 119,256,940 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 19,938,731 shares of Common Stock issuable upon the conversion of Convertible Notes in the aggregate beneficially owned by the Reporting Persons, and (iii) 7,000,000 shares of Common Stock issuable upon the exercise of Warrants beneficially owned by the Reporting Persons.

 

 3 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Jason Mudrick 

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨ (b) x 

 

(3)  

SEC USE ONLY 

 

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

27,204,887(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

27,204,887(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

27,204,887(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

22.8%(2) 

(14)  

TYPE OF REPORTING PERSON

 

IN 

             

(1)       Includes (i) 266,156 shares of Common Stock, (ii) 19,938,731 shares of Common Stock issuable upon conversion of Convertible Notes, and (ii) 7,000,000 shares of Common Stock issuable upon the exercise of Warrants, in each case, directly held by Mudrick Distressed Opportunity Fund Global, L.P., Mudrick Distressed Opportunity Drawdown Fund II, L.P., Mudrick Distressed Opportunity Drawdown Fund II SC, L.P., Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P., Mudrick Distressed Opportunity SIF Master Fund, L.P., Mudrick Stressed Credit Master Fund, L.P., Mudrick Opportunity Co-Investment Fund, L.P., and certain accounts managed by Mudrick Capital Management, L.P., in the aggregate.

 

(2)       Based on 119,256,940 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 19,938,731 shares of Common Stock issuable upon the conversion of Convertible Notes in the aggregate beneficially owned by the Reporting Persons, and (iii) 7,000,000 shares of Common Stock issuable upon the exercise of Warrants beneficially owned by the Reporting Persons. 

 

 4 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Distressed Opportunity Fund Global, L.P.

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨ (b) x 

 

(3)  

SEC USE ONLY 

 

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

6,782,881(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

6,782,881(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,782,881(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.8%((2) 

(14)  

TYPE OF REPORTING PERSON

 

PN 

             

(1)       Includes (i) 66,362 shares of Common Stock, (ii) 4,971,239 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 1,745,280 shares of Common Stock issuable upon the exercise of Warrants.

 

(2)       Based on 99,034,728 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 4,971,239 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 1,745,280 shares of Common Stock issuable upon the exercise of Warrants.

  

 5 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick GP, LLC 

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨  (b) x

 

(3)  

SEC USE ONLY

  

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

6,782,881(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

6,782,881(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,782,881(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.8%(2) 

(14)  

TYPE OF REPORTING PERSON

 

OO 

             

(1)       Reflects beneficial ownership as the general partner of Mudrick Distressed Opportunity Fund Global, L.P.

 

(2)       Based on 99,034,728 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 4,971,239 shares of Common Stock issuable upon the conversion of Convertible Notes directly held by Mudrick Distressed Opportunity Fund Global, L.P., and (iii) 1,745,280 shares of Common Stock issuable upon the exercise of Warrants directly held by Mudrick Distressed Opportunity Fund Global, L.P.

 

 6 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Distressed Opportunity Drawdown Fund II, L.P. 

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨  (b) x

  

(3)  

SEC USE ONLY

  

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

4,583,480(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

4,583,480(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,583,480(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.7%(2) 

(14)  

TYPE OF REPORTING PERSON

 

PN 

             

(1)       Reflects (i) 44,842 shares of Common Stock, (ii) 3,359,278 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 1,179,360 shares of Common Stock issuable upon the exercise of Warrants.

 

(2)       Based on 96,856,847 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 3,359,278 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 1,179,360 shares of Common Stock issuable upon the exercise of Warrants.

  

 7 

 

 

 (1)  

NAME OF REPORTING PERSONS

 

Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. 

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨ (b) x

  

(3)  

SEC USE ONLY

  

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

448,336(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

448,336(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

448,336(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.5%(2) 

(14)  

TYPE OF REPORTING PERSON

 

PN 

             

(1)       Reflects (i) 4,386 shares of Common Stock, (ii) 328,590 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 115,360 shares of Common Stock issuable upon the exercise of Warrants.

 

(2)       Based on 92,762,159 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 328,590 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 115,360 shares of Common Stock issuable upon the exercise of Warrants.

 

 8 

 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Distressed Opportunity Drawdown Fund II GP, LLC 

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨  (b) x

  

(3)  

SEC USE ONLY

  

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

5,031,816(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

5,031,816(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,031,816(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.2%(2) 

(14)  

TYPE OF REPORTING PERSON

 

OO 

             

(1)       Reflects beneficial ownership as the general partner of Mudrick Distressed Opportunity Drawdown Fund II, L.P. and Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.

 

(2)       Based on 97,300,797 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 3,687,868 shares of Common Stock issuable upon the conversion of Convertible Notes directly held by Mudrick Distressed Opportunity Drawdown Fund II, L.P. and Mudrick Distressed Opportunity Drawdown Fund II SC, L.P., and (iii) 1,294,720 shares of Common Stock issuable upon the exercise of Warrants directly held by Mudrick Distressed Opportunity Drawdown Fund II, L.P. and Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.

 

 9 

 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P. 

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨ (b) x

  

(3)  

SEC USE ONLY

  

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

1,150,844(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

1,150,844(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,150,844(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

1.2%(2) 

(14)  

TYPE OF REPORTING PERSON

 

PN 

             

(1)       Reflects (i) 11,259 shares of Common Stock, (ii) 843,465 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 296,120 shares of Common Stock issuable upon the exercise of Warrants.

 

(2)       Based on 93,457,794 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 843,465 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 296,120 shares of Common Stock issuable upon the exercise of Warrants.

 

 10 

 

  

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC 

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨ (b) x 

 

(3)  

SEC USE ONLY

  

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

1,150,844(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

1,150,844(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,150,844(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

1.2%(2) 

(14)  

TYPE OF REPORTING PERSON

 

OO 

             

(1)       Reflects beneficial ownership as the general partner of Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P.

 

(2)       Based on 93,457,794 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 843,465 shares of Common Stock issuable upon the conversion of Convertible Notes directly held by Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P., and (iii) 296,120 shares of Common Stock issuable upon the exercise of Warrants directly held by Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P.

 

 11 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Distressed Opportunity SIF Master Fund, L.P.

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨  (b) x 

 

(3)  

SEC USE ONLY 

 

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

948,595(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

948,595(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

948,595(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

1.0%(2) 

(14)  

TYPE OF REPORTING PERSON

 

PN 

             

(1)       Reflects (i) 9,280 shares of Common Stock, (ii) 695,235 shares of Common Stock issuable upon the conversion of Convertible Notes, and (ii) 244,080 shares of Common Stock issuable upon the exercise of Warrants.

 

(2)       Based on 93,257,524 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 695,235 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 244,080 shares of Common Stock issuable upon the exercise of Warrants.

 

 12 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Distressed Opportunity SIF GP, LLC

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨ (b) x

  

(3)  

SEC USE ONLY

  

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

948,595(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

948,595(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

948,595(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

1.0%(2) 

(14)  

TYPE OF REPORTING PERSON

 

OO 

             

(1)       Reflects beneficial ownership as the general partner of Mudrick Distressed Opportunity SIF Master Fund, L.P.

 

(2)       Based on 93,257,524 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 695,235 shares of Common Stock issuable upon the conversion of Convertible Notes directly held by Mudrick Distressed Opportunity SIF Master Fund, L.P., and (iii) 244,080 shares of Common Stock issuable upon the exercise of Warrants directly held by Mudrick Distressed Opportunity SIF Master Fund, L.P.

 

 13 

 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Stressed Credit Master Fund, L.P.

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨ (b) x

  

(3)  

SEC USE ONLY

  

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

2,461,031(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

2,461,031(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,461,031(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

2.6%(2) 

(14)  

TYPE OF REPORTING PERSON

 

PN 

             

(1)       Reflects (i) 24,077 shares of Common Stock, (ii) 1,803,714 shares of Common Stock issuable upon the conversion of Convertible Notes, and (ii) 633,240 shares of Common Stock issuable upon the exercise of Warrants.

 

(2)       Based on 94,755,163 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 1,803,714 shares of Common Stock issuable upon the conversion of Convertible Notes, and (ii) 633,240 shares of Common Stock issuable upon the exercise of Warrants.

 

 14 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Stressed Credit Fund GP, LLC

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨ (b) x 

 

(3)  

SEC USE ONLY 

 

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

2,461,031(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

2,461,031(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,461,031(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

2.6%(2) 

(14)  

TYPE OF REPORTING PERSON

 

OO 

             

(1)       Reflects beneficial ownership as the general partner of Mudrick Stressed Credit Master Fund, L.P.

 

(2)       Based on 94,755,163 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 1,803,714 shares of Common Stock issuable upon the conversion of Convertible Notes directly held by Mudrick Stressed Credit Master Fund, L.P., and (ii) 633,240 shares of Common Stock issuable upon the exercise of Warrants directly held by Mudrick Stressed Credit Master Fund, L.P.

 

 15 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Opportunity Co-Investment Fund, L.P.

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨ (b) x

 

(3)  

SEC USE ONLY 

 

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

777,282(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

777,282(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

777,282(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.8%(2) 

(14)  

TYPE OF REPORTING PERSON

 

PN 

             

(1)       Reflects (i) 7,604 shares of Common Stock, (ii) 569,678 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 200,000 shares of Common Stock issuable upon the exercise of Warrants.

 

(2)       Based on 93,087,887 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 569,678 shares of Common Stock issuable upon the conversion of Convertible Notes, and (iii) 200,000 shares of Common Stock issuable upon the exercise of Warrants. 

 

 16 

 

 

(1)  

NAME OF REPORTING PERSONS

 

Mudrick Opportunity Co-Investment Fund GP, LLC

(2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨ (b) x 

 

(3)  

SEC USE ONLY 

 

(4)  

SOURCE OF FUNDS

 

OO 

(5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨

  

(6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

777,282(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (10)  

SHARED DISPOSITIVE POWER

 

777,282(1) 

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

777,282(1) 

(12)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

  

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.8%(2) 

(14)  

TYPE OF REPORTING PERSON

 

OO 

             

(1)       Reflects beneficial ownership as the general partner of Mudrick Opportunity Co-Investment Fund, L.P.

 

(2)       Based on 93,087,887 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 569,678 shares of Common Stock issuable upon the conversion of Convertible Notes directly held by Mudrick Opportunity Co-Investment Fund, L.P., and (iii) 200,000 shares of Common Stock issuable upon the exercise of Warrants directly held by Mudrick Opportunity Co-Investment Fund, L.P.

  

 17 

 

 

This Amendment No. 1 (“Amendment No. 1”) amends the statement on Schedule 13D originally filed by the Reporting Persons on May 15, 2023 (as amended from time to time, the “Schedule 13D”), and relates to the common stock, par value $0.0001 per share (“Common Stock”), of Getaround, Inc. (the “Issuer” or the “Company”). Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated, each capitalized term used but not defined in this Amendment No. 1 shall have the meaning assigned to such term in the Schedule 13D.

 

Item 4. Purpose of Transaction.

 

This Item 4 of the Schedule 13D is amended and supplemented as follows:

 

On August 7, 2023, Mudrick Capital Management L.P. (“MCM”) entered into a promissory note with the Issuer for an aggregate principal amount of $3 million to provide short-term financing (the “Bridge Note”) to the Issuer. The Bridge Note has a maturity date of September 7, 2023, bears an interest rate of 15% per annum compounded daily, and, if repaid in cash, requires a repayment premium of $3 million, in addition to the $3 million in principal plus any accrued but unpaid interest. The Bridge Note is unsecured, and is guaranteed by the subsidiaries of the Issuer that guarantee the Issuer’s obligations under the Convertible Notes. In connection with the Bridge Note, MCM is discussing with the Issuer various options for additional financing, including, among other things, the issuance by the Issuer of debt or equity securities (including to the Reporting Persons), and other options relating to the Issuer’s capital structure. In the event of such issuance by the Issuer, MCM expects the Bridge Note to be exchanged for such securities. The Reporting Persons or their affiliates may participate in any such transactions or any other transactions that may be undertaken by the Issuer.

 

Item 5. Interest in Securities of the Company.

 

This Item 5 of the Schedule 13D is amended and supplemented as follows:

 

(a)-(b) The responses set forth in rows 7 through 13 of the cover pages to this Schedule 13D are incorporated by reference into this Item 5. Such responses are provided as of the date of this Amendment No. 1.

 

By virtue of the relationships described herein, the Reporting Persons may be deemed to constitute a “group” within the meaning of Rule 13d-5 under the Exchange Act. The filing of this Schedule 13D shall not be construed as an admission that the Reporting Persons beneficially own those securities held by another member of such group. In addition, each Reporting Person expressly disclaims beneficial ownership of any securities reported herein except to the extent such Reporting Person actually exercises voting or dispositive power with respect to such securities.

 

(c) Other than an in-kind dividend of an aggregate of 8,635,760 of Convertible Notes paid on June 15, 2023, pursuant to the Convertible Note Agreement, the Reporting Persons have not effected any transactions in securities of the Issuer during the past 60 days.

 

(d) Under certain circumstances, partners, members or shareholders of the Reporting Persons, as the case may be, could have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities owned by such Reporting Person.

 

(e) Not applicable.

 

 Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

This Item 6 of the Schedule 13D is amended and supplemented as follows:

 

The information set forth in Item 4 of this Amendment No. 1 is incorporated by reference into this Item 6. 

 

 18 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: August 9, 2023

 

 

/s/ Jason Mudrick

Jason Mudrick

   
 

Mudrick Capital Management, L.P.

By: Mudrick Capital Management, LLC

its general partner

   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
 

Mudrick DISTRESSED OPPORTUNITY FUND GLOBAL, L.P.

By: Mudrick GP, LLC, its general partner

   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
  Mudrick GP, LLC
   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
 

Mudrick Distressed Opportunity Drawdown Fund II, L.P.

By: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC, its general partner

   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
  Mudrick Capital Management, LLC
   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member

 

  ;

 19 

 

 

 

 

Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.

By: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC, its general partner

   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
  Mudrick Distressed Opportunity Drawdown Fund II GP, LLC
   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
 

MUDRICK DISTRESSED OPPORTUNITY 2020 DISLOCATION FUND, L.P.

By: Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC, its general partner

   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
  MUDRICK DISTRESSED OPPORTUNITY 2020 DISLOCATION FUND GP, LLC
   
  By: s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
 

MUDRICK DISTRESSED OPPORTUNITY SIF MASTER FUND, L.P.

By: Mudrick Distressed Opportunity SIF Master Fund LLC, its general partner

   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
  MUDRICK DISTRESSED OPPORTUNITY SIF MASTER FUND GP, LLC
   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
 

MUDRICK STRESSED CREDIT MASTER FUND, L.P.

By: Mudrick Stressed Credit Fund GP LLC, its general partner

   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
  MUDRICK STRESSED CREDIT FUND GP, LLC
   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
 

MUDRICK OPPORTUNITY CO-INVESTMENT FUND, LP

By: Mudrick Opportunity Co-Investment Fund GP, LLC, its general partner

   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member
       
  MUDRICK OPPORTUNITY CO-INVESTMENT FUND GP, LLC
   
  By: /s/ Jason Mudrick
    Name: Jason Mudrick
    Title: Sole Member

 

 

 20