STOCK TITAN

Mudrick group takes 90.9% stake in Getaround (GETR) and backs dissolution

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Mudrick Capital and affiliated funds report effective control of Getaround, Inc., with beneficial ownership of 977,645,148 shares of common stock, representing 90.9% of the class. This stake includes 100,266,156 existing shares, 870,378,992 shares issuable from Convertible Notes and 7,000,000 shares issuable from Warrants.

Mudrick Capital Management recently converted Convertible Notes into 100,000,000 Getaround shares at $0.25 per share under a May 11, 2022 subscription agreement and related indenture. The group intends to support Getaround’s proposal to dissolve and wind down operations under Delaware law at an upcoming special stockholder meeting, after which the company is expected to cease business and liquidate.

Positive

  • None.

Negative

  • Mudrick group supports dissolution and wind-down of Getaround, indicating the company is expected to cease operations and liquidate after a Special Meeting of Stockholders, a materially adverse development for ongoing equity value.

Insights

Mudrick now effectively controls Getaround and backs a full dissolution and wind-down.

Mudrick Capital Management and affiliated funds disclose beneficial ownership of 977,645,148 Getaround shares, or 90.9% of the common stock, largely via Convertible Notes (870,378,992 shares issuable) and Warrants. This reflects a dominant, creditor-driven position in the capital structure.

The group converted Convertible Notes into 100,000,000 shares at $0.25 per share under a 2022 subscription agreement and notes indenture. They state an intention to support Getaround’s proposal to dissolve and wind down under the DGCL at an upcoming Special Meeting of Stockholders disclosed in company filings.

For equity holders, backing a dissolution and wind-down is a materially negative signal, as it points away from ongoing operations toward liquidation. Actual recoveries will depend on asset values, liabilities and the mechanics of the wind-down described in future company disclosures.

Beneficial ownership 977,645,148 shares Total Getaround common stock beneficially owned by reporting persons
Ownership percentage 90.9% Percent of Getaround common stock class represented by beneficial ownership
Recent conversion size 100,000,000 shares at $0.25/share Shares received by converting Convertible Notes under May 11, 2022 agreement
Existing common shares 100,266,156 shares Currently outstanding Getaround common shares held by Mudrick-managed entities
Convertible Note exposure 870,378,992 shares issuable Shares of common stock issuable upon conversion of Convertible Notes held
Warrant exposure 7,000,000 shares issuable Shares issuable upon exercise of Warrants held by reporting persons
Fully diluted base used 1,074,959,854 shares Common shares outstanding figure used to compute 90.9% ownership
Outstanding common shares 197,580,862 shares Getaround common shares outstanding before including Mudrick’s convertible and warrant positions
Convertible Notes financial
"MCM converted Convertible Notes for 100,000,000 shares of Common Stock for $0.25 per share"
Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.
Warrants financial
"7,000,000 shares of Common Stock issuable upon the exercise of Warrants"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
beneficially own financial
"may be deemed to beneficially own the number of securities of the Issuer directly held"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Schedule 13D regulatory
"This Amendment No. 12 ("Amendment No. 12") amends the statement on (as amended from time to time, the "")"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Special Meeting of Stockholders regulatory
"at the Issuer's upcoming Special Meeting of Stockholders as disclosed in the Issuer's filings"
A special meeting of stockholders is an unscheduled gathering called to let shareholders vote on specific, often urgent company decisions—like mergers, major asset sales, changes to the board, or amendments to governing rules. Think of it as an emergency town hall where owners cast ballots in person or by mail/online; outcomes can materially change a company’s strategy, control or value, so investors pay close attention and may need to vote or adjust holdings accordingly.
DGCL regulatory
"dissolve and wind down operations in accordance with the DGCL at the Issuer's upcoming Special Meeting"
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37427G101

(CUSIP Number)
Jason Mudrick
Mudrick Capital Management, L.P., 31 West 52nd Street, 16th Floor
New York, NY, 10019
(646) 747-9500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/16/2026

(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.

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).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include (i) 100,266,156 shares of Common Stock, (ii) 870,378,992 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. Row 13 is based on 1,074,959,854 shares of Common Stock outstanding, which includes (i) 197,580,862 shares of Common Stock outstanding as provided by the Issuer (the "Outstanding Shares"), (ii) 870,378,992 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include (i) 100,266,156 shares of common stock ("Common Stock") of Getaround, Inc. (the "Issuer"), (ii) 870,378,992 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. Row 13 is based on 1,074,959,854 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 870,378,992 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include (i) 100,266,156 shares of common stock ("Common Stock") of Getaround, Inc. (the "Issuer"), (ii) 870,378,992 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. Row 13 is based on 1,074,959,854 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 870,378,992 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include (i) 100,066,362 shares of Common Stock, (ii) 141,940,459 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. Row 13 is based on 341,266,601 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 141,940,459 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 reflects beneficial ownership as the general partner of Mudrick Distressed Opportunity Fund Global, L.P. Row 13 is based on 341,266,601 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 141,940,459 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include (i) 44,842 shares of Common Stock, (ii) 163,489,467 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. Row 13 is based on 362,249,689 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 163,489,467 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include (i) 4,386 shares of Common Stock, (ii) 15,991,834 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. Row 13 is based on 213,688,056 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 15,991,834 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 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. Row 13 is based on 378,356,883 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 179,481,301 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include (i) 11,259 shares of Common Stock, (ii) 41,049,802 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. Row 13 is based on 238,926,784 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 41,049,802 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 reflect beneficial ownership as the general partner of Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P. Row 13 is based on 238,926,784 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 41,049,802 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include (i) 9,280 shares of Common Stock, (ii) 33,835,724 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. Row 13, is based on 231,660,666 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 33,835,724 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 Reflects beneficial ownership as the general partner of Mudrick Distressed Opportunity SIF Master Fund, L.P. Row 13, is based on 231,660,666 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 33,835,724 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include (i) 24,077 shares of Common Stock, (ii) 87,783,248 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. Row 13 is based on 285,997,350 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 87,783,248 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 Reflects beneficial ownership as the general partner of Mudrick Stressed Credit Master Fund, L.P. Row 13 is based on 285,997,350 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 87,783,248 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include (i) 7,604 shares of Common Stock, (ii) 27,725,104 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. Row 13 is based on 225,505,966 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 27,725,104 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 reflects beneficial ownership as the general partner of Mudrick Opportunity Co-Investment Fund, L.P. Row 13 is based on 225,505,966 shares of Common Stock outstanding, which includes (i) the Outstanding Shares, (ii) 27,725,104 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.


SCHEDULE 13D


Mudrick Capital Management, L.P.
Signature:By: Mudrick Capital Management, LLC its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Capital Management, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Jason Mudrick
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Distressed Opportunity Fund Global, L.P.
Signature:By: Mudrick GP, LLC, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick GP, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Distressed Opportunity Drawdown Fund II, L.P.
Signature:By: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.
Signature:By: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Distressed Opportunity Drawdown Fund II GP, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P.
Signature:By: Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Distressed Opportunity SIF Master Fund, L.P.
Signature:By: Mudrick Distressed Opportunity SIF GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Distressed Opportunity SIF GP, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Stressed Credit Master Fund, L.P.
Signature:By: Mudrick Stressed Credit Fund GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Stressed Credit Fund GP, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Opportunity Co-Investment Fund, L.P.
Signature:By: Mudrick Opportunity Co-Investment Fund GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026
Mudrick Opportunity Co-Investment Fund GP, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:06/18/2026

FAQ

How much of Getaround (GETR) does Mudrick Capital now beneficially own?

Mudrick Capital and affiliated funds report beneficial ownership of 977,645,148 Getaround common shares, representing 90.9% of the class. This total combines existing shares, plus stock potentially issued from Convertible Notes and Warrants as detailed in the Schedule 13D/A.

What recent transaction did Mudrick complete with Getaround Convertible Notes?

Mudrick Capital Management converted Convertible Notes into 100,000,000 Getaround shares at $0.25 per share. The conversion was carried out under a May 11, 2022 convertible note subscription agreement, as amended, and the related notes indenture disclosed in the filing.

How is Mudrick’s 90.9% Getaround ownership composed?

The 90.9% beneficial stake includes 100,266,156 common shares, 870,378,992 shares issuable from Convertible Notes, and 7,000,000 shares issuable from Warrants. These securities are held across multiple Mudrick-managed funds and accounts, with detailed breakdowns provided for each reporting person.

What is Mudrick’s stated plan for Getaround’s future in this Schedule 13D/A?

The reporting persons state they intend to support Getaround’s proposal to dissolve and wind down operations under the Delaware General Corporation Law. They reference an upcoming Special Meeting of Stockholders, after which Getaround is expected to dissolve and cease conducting business.

What share count did Mudrick use to calculate its 90.9% Getaround ownership?

The filing bases the 90.9% ownership on 1,074,959,854 Getaround common shares outstanding. This figure includes 197,580,862 currently outstanding shares, plus 870,378,992 shares issuable on Convertible Note conversion and 7,000,000 issuable upon Warrant exercise held by the reporting persons.