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Getaround | 8-K: Current report

SEC announcement ·  Mar 1 01:10
Summary by Futu AI
On February 22, 2024, Getaround, Inc., a car-sharing company listed on the New York Stock Exchange under the trading symbol GETR, reached a settlement agreement in a civil lawsuit against Broadspire Services, Inc. The lawsuit, filed by Getaround on March 5, 2021, and the subsequent cross complaint by Broadspire on April 29, 2021, were both pending in the Superior Court of California in San Francisco. The settlement terms include a payment of $15 million from Broadspire to Getaround. After deducting legal fees and costs, the net amount to be received by Getaround is approximately $10.5 million. The settlement also stipulates the dismissal of all claims and counterclaims related to the lawsuit. The agreement is pending final documentation. Getaround, which is classified as an emerging growth company, has reported this development in a Form 8-K filed with the SEC.
On February 22, 2024, Getaround, Inc., a car-sharing company listed on the New York Stock Exchange under the trading symbol GETR, reached a settlement agreement in a civil lawsuit against Broadspire Services, Inc. The lawsuit, filed by Getaround on March 5, 2021, and the subsequent cross complaint by Broadspire on April 29, 2021, were both pending in the Superior Court of California in San Francisco. The settlement terms include a payment of $15 million from Broadspire to Getaround. After deducting legal fees and costs, the net amount to be received by Getaround is approximately $10.5 million. The settlement also stipulates the dismissal of all claims and counterclaims related to the lawsuit. The agreement is pending final documentation. Getaround, which is classified as an emerging growth company, has reported this development in a Form 8-K filed with the SEC.
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