Mudrick Capital Management

Getaround Reports Full Year 2023 Results

Retrieved on:

Thursday, March 28, 2024

Getaround (NYSE: GETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced financial results for the year ended December 31, 2023.

Key Points:

Getaround (NYSE: GETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced financial results for the year ended December 31, 2023.
Subsequently, in February 2024 the board appointed Eduardo Iniguez as Chief Executive Officer and board member of Getaround.
“With proper leadership, adequate funding and thoughtful capital allocation, we should be able to scale the platform Getaround built over the past decade exponentially.
“In December 2022, we deployed a new version of our Getaround TrustScore to improve the trust and safety of our marketplace.

Getaround Secures $20 Million in Financing, Following Strong Q3 2023 Results

Retrieved on:

Tuesday, January 23, 2024

Public Transport, Transport, Other Transport, Bank statement, Insurance, Work, GAAP, Depreciation, Mudrick Capital Management, Development, Bank

The financing follows strong Q3 2023 financial results that Getaround announced in their December earnings call: strong revenue growth (+42% year-over-year) and improvement in trip contribution margin (increased to 52%; up 640 basis points year-over-year).

Key Points:

The financing follows strong Q3 2023 financial results that Getaround announced in their December earnings call: strong revenue growth (+42% year-over-year) and improvement in trip contribution margin (increased to 52%; up 640 basis points year-over-year).
Getaround is grateful for Mudrick’s continued support and confidence in our innovative approach, patented technology, and our focus on delivering profitable, sustainable growth," said Sam Zaid, founder and CEO of Getaround.
Mudrick’s funding of Getaround demonstrates continued confidence in the company’s growth potential and disruptive approach to the mobility industry.
Mudrick's extensive capital markets experience will bring valuable insights and expertise to Getaround as it continues on its path to profitability.

Fubo Closes Exchange of $205.8 Million Existing 3.25% Convertible Senior Notes Due 2026 for Convertible Senior Secured Notes Due 2029

Retrieved on:

Tuesday, January 2, 2024

“Furthermore, we have reduced our debt outstanding by approximately $28.3 million and have significantly extended a meaningful portion of our debt maturities out to 2029, from 2026.

Key Points:

“Furthermore, we have reduced our debt outstanding by approximately $28.3 million and have significantly extended a meaningful portion of our debt maturities out to 2029, from 2026.
We are pleased to have accomplished these important objectives for our shareholders.”
Upon completion of the Exchange, the aggregate principal amount of the Existing Convertible Notes outstanding is $191,665,000, and the aggregate principal amount of the New Convertible Notes outstanding is $177,506,000.
As of the closing of the Exchange, all of the New Convertible Notes were held by Mudrick.
Fubo did not receive any cash proceeds from the issuance of the New Convertible Notes.

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

Retrieved on:

Monday, September 25, 2023

Banking, Asset Management, Professional Services, Finance, NYSE, Mudrick Capital Management, Music, Financial services

Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) as of August 31, 2023 is now available via www.arespublicfunds.com .

Key Points:

Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) as of August 31, 2023 is now available via www.arespublicfunds.com .

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

Retrieved on:

Thursday, August 24, 2023

Banking, Professional Services, Finance, NYSE, Mudrick Capital Management, Financial adviser, Financial services

Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) as of July 31, 2023 is now available via www.arespublicfunds.com .

Key Points:

Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) as of July 31, 2023 is now available via www.arespublicfunds.com .

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

Retrieved on:

Friday, July 21, 2023

Professional Services, Finance, NYSE, Mudrick Capital Management, Music, Financial services

Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) as of June 30, 2023 is now available via www.arespublicfunds.com .

Key Points:

Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) as of June 30, 2023 is now available via www.arespublicfunds.com .

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

Retrieved on:

Monday, June 26, 2023

Asset Management, Professional Services, Finance, NYSE, Mudrick Capital Management, Financial services

Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) as of May 31, 2023 is now available via www.arespublicfunds.com .

Key Points:

Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) as of May 31, 2023 is now available via www.arespublicfunds.com .

Gemcorp Capital hosts second exhibition as part of flagship Emerging Artists Initiative

Retrieved on:

Wednesday, June 21, 2023

Partnership, Investment, Mudrick Capital Management, Video game

Gemcorp Capital Management is pleased to announce the successful return of the Emerging Artists Initiative in 2023.

Key Points:

Gemcorp Capital Management is pleased to announce the successful return of the Emerging Artists Initiative in 2023.
The works of five talented artists across a range of mediums were presented at its London offices last week.
The Emerging Artists initiative is a project that transcends borders, giving artists from across Africa the opportunity to share their art and personal journeys with the world.
Parvoleta Shtereva, Chief Investment Officer of Gemcorp Capital said: “The Emerging Artists Initiative is an extension of our ongoing commitment to Africa.

Leading Proxy Advisory Firm Glass Lewis Recommends Masimo Shareholders Vote FOR Both of Politan’s Director Nominees

Retrieved on:

Thursday, June 15, 2023

Politan Capital Management (together with its affiliates, “Politan”), a 9% shareholder of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI), today announced that leading proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”) recommends shareholders vote FOR the election of Politan’s nominees, Michelle Brennan and Quentin Koffey, to the Company’s Board of Directors (the “Board”) at the Annual Meeting of Stockholders (the “Annual Meeting”), scheduled for June 26, 2023.

Key Points:

Politan Capital Management (together with its affiliates, “Politan”), a 9% shareholder of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI), today announced that leading proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”) recommends shareholders vote FOR the election of Politan’s nominees, Michelle Brennan and Quentin Koffey, to the Company’s Board of Directors (the “Board”) at the Annual Meeting of Stockholders (the “Annual Meeting”), scheduled for June 26, 2023.
Previously, leading proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) also recommended in favor of both Politan nominees.
Shareholders can support real change at Masimo by voting on the BLUE proxy card FOR the election of Michelle Brennan and Quentin Koffey.
1 Permission to quote Glass Lewis was neither sought nor obtained.

Politan Nominees Michelle Brennan and Quentin Koffey Send Letter to Masimo Shareholders

Retrieved on:

Monday, June 12, 2023

Politan Capital Management (together with its affiliates, “Politan”), a 9% shareholder of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI), today issued a letter to shareholders from its highly qualified nominees Michelle Brennan and Quentin Koffey in connection with the Annual Meeting of Stockholders (the “Annual Meeting”), scheduled for June 26, 2023.

Key Points:

Politan Capital Management (together with its affiliates, “Politan”), a 9% shareholder of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI), today issued a letter to shareholders from its highly qualified nominees Michelle Brennan and Quentin Koffey in connection with the Annual Meeting of Stockholders (the “Annual Meeting”), scheduled for June 26, 2023.
Michelle has operational experience earned at one of the most respected healthcare and consumer products companies in the world.
As Managing Partner of Politan, a 9% owner of Masimo, Quentin has the commitment and alignment to champion positive change that advances all shareholders’ interests.
The participants in the proxy solicitation are Politan, Politan Capital Management GP LLC, Politan Capital Partners GP LLC, Politan Capital NY LLC, Politan Intermediate Ltd., Politan Capital Partners Master Fund LP (“Politan Master Fund”), Politan Capital Partners LP (“Politan LP”), Politan Capital Offshore Partners LP (“Politan Offshore” and collectively with Politan Master Fund and Politan LP, the “Politan Funds”), Quentin Koffey, Matthew Hall, Aaron Kapito and Michelle Brennan (collectively, the “Participants”).