Getaround Shares Higher, Co. Earlier Announced Its Existing Debt Facility With Mudrick Capital Management Has Been Expanded To Provide The Company With Up To $50M In Additional Capital
Portfolio Pulse from Benzinga Newsdesk
Getaround's shares increased after the company announced the expansion of its existing debt facility with Mudrick Capital Management, providing up to $50M in additional capital.
May 01, 2024 | 12:34 pm
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Getaround's stock price is likely to experience a short-term increase following the announcement of expanded debt facility with Mudrick Capital Management, providing an additional $50M in capital.
The announcement of additional capital through an expanded debt facility is generally viewed positively by the market, as it enhances the company's financial flexibility and potential for growth. This is likely to lead to increased investor confidence in Getaround, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90