Sec Form 13D Filing - Mudrick Capital Management L.P. filing for Getaround Inc (GETR) - 2024-07-10

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. 6)

 

 
 
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)

 

July 8, 2024

(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

 

28,151,976(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

22.6%(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 124,623,377 shares of Common Stock outstanding, which includes (i) 96,737,557 shares of Common Stock outstanding as of June 27, 2024, as reported by the Issuer in the Definitive Proxy Statement filed with the Securities and Exchange Commission on July 3, 2024 (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

 

  (8)  

SHARED VOTING POWER

 

28,151,976(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

22.6%(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 124,623,377 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

 

  (8)  

SHARED VOTING POWER

 

28,151,976(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

22.6%(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 124,623,377 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

 

  (8)  

SHARED VOTING POWER

 

7,019,015(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

6.8%((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 103,690,210 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

 

  (8)  

SHARED VOTING POWER

 

7,019,015(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

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 103,690,210 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

 

  (8)  

SHARED VOTING POWER

 

4,743,045(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

4.7%(2) 

(14)  

TYPE OF REPORTING PERSON

 

PN 

             

(1)    0;   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 101,435,760 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

 

  (8)  

SHARED VOTING POWER

 

463,944(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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 97,197,115 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

 

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

 

5,206,989(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

5.1%(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 101,895,318 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

 

  (8)  

SHARED VOTING POWER

 

1,190,909(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

1.2%(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 97,917,207 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

 

  (8)  

SHARED VOTING POWER

 

1,190,909(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

1.2%(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 97,917,207 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

 

< p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Delaware 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  (7)  

SOLE VOTING POWER

 

  (8)  

SHARED VOTING POWER

 

981,618(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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 97,709,895 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

 

  (8)  

SHARED VOTING POWER

 

981,618(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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 97,709,895 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

 

  (8)  

SHARED VOTING POWER

 

2,546,708(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

2.6%(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 99,260,188 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

 

  (8)  

SHARED VOTING POWER

 

2,546,708(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

2.6%(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 99,260,188 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

 

  (8)  

SHARED VOTING POWER

 

804,341(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

0.8%(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 97,534,294 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

 

  (8)  

SHARED VOTING POWER

 

804,341(1) 

  (9)  

SOLE DISPOSITIVE POWER

 

  (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)

 

0.8%(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 97,534,294 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. 6 (“Amendment No. 6”) 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, as amended by amendment No. 3 to Schedule 13D filed by the Reporting Persons on December 19, 2023, as amended by amendment No. 4 to Schedule 13D filed by the Reporting Persons on January 23, 2024, as amended by amendment No. 5 to Schedule 13D filed by the Reporting Persons on May 1, 2024 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. 6 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. 6 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:

 

The information provided in Item 6 of this Amendment No. 6 is incorporated by reference herein.

 

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. 6.

 

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) 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:

 

Pursuant to a commitment letter, on July 8, 2024, Mudrick Capital Management L.P. (“MCM”) agreed to: 1) provide an additional $20 million financing to the Issuer pursuant to its existing debt facility with MCM; and 2) provided a written notice of its intention to convert, subject to applicable law, at least $10 million worth of its outstanding 8.00%/9.50% Convertible Senior Secured PIK Toggle Notes due 2027 (“Convertible Notes”) at an as-adjusted conversion price of $0.25 per share, within 45 days after the Issuer’s 2024 Annual Meeting of Stockholders scheduled to take place on July 31, 2024, assuming that (a) the stockholders approve the matters set forth in the Company’s proxy materials related to the 2024 annual meeting, (b) the Company’s common stock remains listed on the NYSE at the time of conversion and (c) the conversion does not result in any adverse tax consequences. The adjustment of the conversion price of the Convertible Notes to $0.25 per share is subject to stockholder approval at the annual meeting and required pursuant to the terms of the previously disclosed super priority promissory note between the Issuer and MCM.

 

The foregoing description of the Commitment Letter is qualified in its entirety by the full text of the letter, a copy of which is attached to as Exhibit 10 and incorporated by reference herein.

 

 18 

 

 

Item 7. Material to be Filed as Exhibits.

 

This Item 7 of the Schedule 13D is amended and supplemented as follows:

 

Exhibit 10 Commitment Letter from Mudrick Capital dated July 8, 2024 (incorporated by reference from Exhibit 99.1 to the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 9, 2024).

 

 

 

 

 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: July 10, 2024

 

 

/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

 

 

 21 

 

 

       
  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

 

 

 22