4/A: InterPrivate Acquisition Management II Distributes Getaround Shares and Warrants to Members
SEC Form 4/A
InterPrivate Acquisition Management II, LLC distributed shares and warrants of Getaround, Inc. to its members on a pro rata basis on August 19, 2024.
Summary
- InterPrivate Acquisition Management II, LLC (the 'Sponsor') distributed 2,707,369 shares of Getaround, Inc.'s Common Stock and 970,000 warrants to purchase shares of Common Stock to its members on August 19, 2024.
- The distribution was made without consideration on a pro rata basis.
- Following the transaction, the Sponsor directly holds 5,349,611 shares of Common Stock.
- The Sponsor also directly holds 2,880,000 warrants to purchase Common Stock.
- Ahmed Fattouh, as the managing member of InterPrivate LLC, has sole voting and investment discretion over the securities held by the Sponsor but disclaims beneficial ownership except for any pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a distribution of shares and warrants. It doesn't inherently convey positive or negative sentiment, but rather reports a factual transaction.
Management Comments
- Ahmed Fattouh disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Industry Context
This filing reflects changes in beneficial ownership related to Getaround, a company in the peer-to-peer car sharing marketplace. Such transactions are common after SPAC mergers and may reflect adjustments in ownership structure among early investors.
Stakeholder Impact
- The distribution of shares and warrants could potentially impact the trading volume and price of Getaround's stock in the short term.
- The pro rata distribution to members of InterPrivate Acquisition Management II, LLC suggests a redistribution of ownership among the initial investors.
Key Dates
| Date | Description |
|---|---|
| 09/07/2022 | Date warrants to purchase common stock were issued. |
| 12/08/2022 | Date of original filing of amendment. |
| 08/19/2024 | Date of distribution of shares and warrants. |
| 08/21/2024 | Date of signature of reporting person. |
| 12/08/2027 | Expiration date of warrants to purchase common stock. |
Keywords
Getaround, InterPrivate Acquisition Management II, Share Distribution, Warrants, Beneficial Ownership, Form 4, SEC
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