Getaround Announces Upgrade to OTCQB Market
September 04 2024 - 4:30PM
Business Wire
Getaround (OTCQB: GETR) (“Getaround'' or “the Company”), the
world’s first connected carsharing marketplace, is pleased to
announce that the quotation of its common stock and public
warrants, under the symbols “GETR” and “GETRW”, respectively, has
been upgraded from the OTC Pink Market to the OTCQB® Venture Market
(the “OTCQB”), effective September 4, 2024.
OTCQB is a trading platform in the US operated by the OTC
Markets Group. To be eligible for trading on the OTCQB, companies
must be current in their financial reporting with the Securities
and Exchange Commission (the “SEC”), pass a minimum bid price test,
maintain audited financials through a PCAOB registered firm, and
undergo an annual verification and management certification.
Getaround anticipates that, with its more rigorous standards and
reporting criteria, trading on the OTCQB will allow Getaround to
potentially access a wider investor base, including institutional
investors, for increased liquidity and greater analyst
coverage.
About Getaround:
Offering a digital experience, Getaround (OTCQB: GETR) makes
sharing cars and trucks simple through its proprietary cloud and
in-car Getaround Connect® technology. The Company empowers
consumers to shift away from car ownership through instant and
convenient access to desirable, affordable, and safe cars from
entrepreneurial hosts. Getaround’s on-demand technology enables a
contactless experience — no waiting in line at a car rental
facility, manually completing paperwork or meeting anyone to
collect or drop off car keys. Getaround’s purpose is to propel the
world’s transition to a more sustainable society, economy and
environment with its peer-to-peer connected carsharing marketplace.
Launched in 2011, Getaround is available today in more than 1,000
cities across 8 countries including the United States and Europe.
For more information, please visit https://www.getaround.com.
Forward-Looking Statements:
This press release contains forward-looking statements under the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally relate to future events, such as the
statements regarding potential access to a wider investor base,
increased liquidity and greater analyst coverage. In some cases,
you can identify forward-looking statements by terminology such as
“expects”, “intends,” “plans,” and “will,” or the negative of these
terms or variations of them or similar terminology. We have based
these forward-looking statements on our current expectations and
assumptions and analyses made by us in light of our experience and
our perception of historical trends, current conditions and
expected future developments, as well as other factors we believe
are appropriate under the circumstances. However, whether actual
results and developments will conform with our expectations and
predictions is subject to a number of risks and uncertainties, many
of which are beyond our control, including: the effect of delisting
from the NYSE, including on our relationships with third parties
and employees; whether an over-the-counter trading market for our
common stock will develop or persist; our ability to meet any
requirements of any stock exchange for listing our securities in
the future; and the other factors under the heading “Risk Factors”
in our Annual Report on Form 10-K filed with the SEC on March 29,
2024, and in other filings that the Company has made and may make
with the SEC in the future. All of the forward-looking statements
made in this press release are qualified by these cautionary
statements. The actual results or developments anticipated may not
be realized or, even if substantially realized, they may not have
the expected consequences to or effects on the Company or our
business or operations. Such statements are not intended to be a
guarantee of future performance and actual results or developments
may differ materially from those projected in the forward-looking
statements. You should not place undue reliance on these
forward-looking statements, which are made only as of the date of
this press release. We undertake no obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20240904100216/en/
Lauren Madden Head of Investor Relations
lauren.madden@getaround.com
Getaround (NYSE:GETR)
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