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.
- Peter Lynch
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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. 3)
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)
December 15, 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
0 |
||||
(8) |
SHARED VOTING POWER
28,151,976(1) |
|||||
(9) |
SOLE DISPOSITIVE POWER
0 |
|||||
(10) |
SHARED DISPOSITIVE POWER
28,151,976(1) |
|||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,151,976(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.3%(2) | |||||
(14) |
TYPE OF REPORTING PERSON
PN | |||||
(1) Includes (i) 266,156 shares of common stock (“Common Stock”) of Getaround, Inc. (the “Issuer”), (ii) 20,885,820 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 120,904,057 shares of Common Stock outstanding, which includes (i) 93,018,237 shares of Common Stock outstanding as of December 13, 2023, as reported by the Issuer in the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on December 15, 2023 (the “Outstanding Shares”), (ii) 20,885,820 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
0 | ||||
(8) |
SHARED VOTING POWER
28,151,976(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
28,151,976(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,151,976(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.3%(2) | |||||
(14) |
TYPE OF REPORTING PERSON
OO | |||||
(1) Includes (i) 266,156 shares of Common Stock, (ii) 20,885,820 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 120,904,057 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 20,885,820 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
0 | ||||
(8) |
SHARED VOTING POWER
28,151,976(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
28,151,976(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,151,976(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.3%(2) | |||||
(14) |
TYPE OF REPORTING PERSON
IN | |||||
(1) Includes (i) 266,156 shares of Common Stock, (ii) 20,885,820 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 120,904,057 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 20,885,820 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
0 | ||||
(8) |
SHARED VOTING POWER
7,019,015(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
7,019,015(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,019,015(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%(2) | |||||
(14) |
TYPE OF REPORTING PERSON
PN | |||||
(1) Includes (i) 66,362 shares of Common Stock, (ii) 5,207,373 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 99,970,890 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 5,207,373 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
0 | ||||
(8) |
SHARED VOTING POWER
7,019,015(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
7,019,015(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,019,015(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%(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 99,970,890 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 5,207,373 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
0 | ||||
(8) |
SHARED VOTING POWER
4,743,045(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
4,743,045(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,743,045(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%(2) | |||||
(14) |
TYPE OF REPORTING PERSON
PN | |||||
(1) Reflects (i) 44,842 shares of Common Stock, (ii) 3,518,843 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 97,716,440 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 3,518,843 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
0 | ||||
(8) |
SHARED VOTING POWER
463,944(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
463,944(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
463,944(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) 344,198 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 93,477,495 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 344,198 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 < /p> 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
0 | ||||
(8) |
SHARED VOTING POWER
5,206,989(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
5,206,989(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,206,989(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.3%(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 98,225,226 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 3,863,041 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
0 | ||||
(8) |
SHARED VOTING POWER
1,190,909(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
1,190,909(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,190,909(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%(2) | |||||
(14) |
TYPE OF REPORTING PERSON
PN | |||||
(1) Reflects (i) 11,259 shares of Common Stock, (ii) 883,530 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 94,197,887 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 883,530 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
0 | ||||
(8) |
SHARED VOTING POWER
1,190,909(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
1,190,909(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,190,909(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%(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 94,197,887 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 883,530 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
0 | ||||
(8) |
SHARED VOTING POWER
981,618(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
981,618(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
981,618(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) 728,258 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 93,990,575 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 728,258 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
0 | ||||
(8) |
SHARED VOTING POWER
981,618(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
981,618(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
981,618(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 93,990,575 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 728,258 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
0 | ||||
(8) |
SHARED VOTING POWER
2,546,708(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
2,546,708(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,546,708(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.7%(2) | |||||
(14) |
TYPE OF REPORTING PERSON
PN | |||||
(1) Reflects (i) 24,077 shares of Common Stock, (ii) 1,889,391 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 95,540,868 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 1,889,391 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
0 | ||||
(8) |
SHARED VOTING POWER
2,546,708(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
2,546,708(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,546,708(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.7%(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 95,540,868 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 1,889,391 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
0 | ||||
(8) |
SHARED VOTING POWER
804,341(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
804,341(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
804,341(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%(2) | |||||
(14) |
TYPE OF REPORTING PERSON
PN | |||||
(1) Reflects (i) 7,604 shares of Common Stock, (ii) 596,737 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 93,814,974 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 596,737 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
0 | ||||
(8) |
SHARED VOTING POWER
804,341(1) | |||||
(9) |
SOLE DISPOSITIVE POWER
0 | |||||
(10) |
SHARED DISPOSITIVE POWER
804,341(1) | |||||
(11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
804,341(1) | |||||
(12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||
(13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%(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 93,814,974 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 596,737 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. 3 (“Amendment No. 3”) amends the statement on Schedule 13D (as amended from time to time, the “Schedule 13D”) originally filed by the Reporting Persons on May 15, 2023, as amended by amendment No. 1 to Schedule 13D filed by the Reporting Persons on August 9, 2023, as amended by amendment No. 2 to Schedule 13D filed by the Reporting Persons on September 12, 2023, 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. 3 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. 3 shall have the meaning assigned to such term in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
This Item 3 of the Schedule 13D is amended and supplemented as follows:
The information provided in Item 4 of this Amendment No. 3 is incorporated by reference herein.
Item 4. Purpose of Transaction.
This Item 4 of the Schedule 13D is amended and supplemented as follows:
The information provided in Item 5 and Item 6 of this Amendment No. 3 is incorporated by reference herein.
Pursuant to the indenture governing the Convertible Notes, on December 15, 2023, the Reporting Persons received in-kind interest of an aggregate of 947,089 Convertible Notes.
On December 11, 2023, the Issuer and Mudrick Capital Management L.P. (“MCM”), on behalf of certain funds, investors, entities or accounts that are managed, sponsored or advised by MCM or its affiliates, amended and restated the su per priority Note, dated as of September 8, 2023 (such amended and restated note, the “Amended and Restated Note”) as described in Item 6 below.
MCM will continue to engage with the Issuer regarding potential financing and other transactions relating to the Issuer’s strategic efforts to obtain additional capital and develop its business.
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. 3.
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 as reported in this Amendment No. 3, 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.
18
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:
On December 11, 2023, the Issuer and MCM, on behalf of certain funds, investors, entities or accounts that are managed, sponsored or advised by MCM or its affiliates entered into the Amended and Restated Note in an aggregate amount of $15,040,685 entered into by such parties on September 8, 2023 (the “September 2023 Note”) to reflect an increased aggregate principal amount of $18,635,500, which is comprised of the original $15,040,685 principal amount under the September 2023 Note, $594,815 in accrued interest on the September 2023 Note as of December 11, 2023, and an additional principal amount of $3,000,000 to provide additional funding to the Issuer.
The Amended and Restated Note accrues interest monthly beginning on December 11, 2023, at a rate of 15.00% per annum, which interest rate, upon the occurrence, and during the continuation, of an Event of Default (as defined therein), will be increased by 2.00% per annum. The Amended and Restated Note was issued pursuant to the Subscription Agreement, dated September 8, 2023, and an incremental super priority note subscription agreement dated December 11, 2023 (the “Incremental Subscription Agreement”), in each case by and between MCM and the Issuer. The Issuer may request that MCM purchase up to an additional $17,000,000 in aggregate principal amount under the Incremental Subscription Agreement, subject to certain conditions.
The Amended and Restated Note will mature on August 7, 2024, at which time 108% of the principal and accrued interest will become due, payable in cash, unless earlier redeemed or repurchased.
The Issuer may prepay the Amended and Restated Note at any time prior to its maturity date, and subject to the following exception, must prepay the balance of the Amended and Restated Note with (a) 50% of the net proceeds received prior to, and 100% of the net proceeds received on or after, January 31, 2024 from issuances of the Issuer’s capital stock (excluding intra-company issuances) or issuances of debt by the Company or any of its subsidiaries, and (b) 100% of the net proceeds of any sale, or similar disposition, of the Issuer or any of its subsidiaries. The mandatory prepayments set forth above do not apply to the first $10.0 million of net proceeds received by the Issuer in connection with a financing as described in clause (a) above.
The Amended and Restated Note is a senior secured obligation of the Issuer, guaranteed by certain of its subsidiaries and secured by collateral consisting of substantially all of the assets of the Issuer and its subsidiary guarantors. Subject to limited exceptions, the Amended and Restated Note will rank senior to all outstanding and future indebtedness of the Issuer, including the Issuer’s 8.00% / 9.50% Convertible Senior Secured PIK Toggle Notes due 2027 issued to MCM.
A copy of the Incremental Subscription Agreement (including the form of Amended and Restated Note attached thereto) is attached to this Report as Exhibits 6 and 7, respectively, and incorporated by reference herein.
Item 7. Material to be Filed as Exhibits.
This Item 7 of the Schedule 13D is amended and supplemented as follows:
19
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: December 19, 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 |
20
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 |
21
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 |
22