Business wire
Getaround Announces Upgrade to OTCQB Market
Lauren Madden
Head of Investor Relations
lauren.madden@getaround.com
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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