---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-072647"
form_type: "8-K"
ticker: "VRM"
cik: "0001580864"
company_name: "Vroom, Inc."
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T07:54:05.755078+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vroom receives Nasdaq delisting notice; proposes reverse stock split to comply

## Summary
- Nasdaq notified Vroom on Dec 21, 2023, that its stock closed below $1.00 for 30 consecutive business days.
- Vroom has until June 18, 2024, to regain compliance; must trade at $1.00+ for ten consecutive days.
- Board seeks stockholder approval for a reverse stock split at a ratio of 1-for-35 to 1-for-80.
- Special meeting to vote on reverse split is scheduled for February 5, 2024.
- Failure to regain compliance could trigger a fundamental change under Vroom's 0.750% Convertible Notes due 2026.

## SEC filing metadata
- accession: 0000950170-23-072647
- form_type: 8-K
- ticker: VRM
- cik: 0001580864
- company_name: Vroom, Inc.
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580864/000095017023072647/0000950170-23-072647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580864/000095017023072647/vrm-20231221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-072647
- JSON: https://secwatch.observer/filing/0000950170-23-072647.json
- Plain text: https://secwatch.observer/filing/0000950170-23-072647.txt

## Key facts
- Listing & Compliance Notices
  Vroom, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A), 5810(c)(3)(H)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1), 5810(c)(3)(A), 5810(c)(3)(H)
  source text: December 21, 2023, Vroom, Inc. (“Vroom,” the “Company,” “us,” “we” and “our”) received written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s common stock (the “Common Stock”) had closed below the $1.00 per share minimum bid price requirement for continued inclusion on The Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The Notice has no immediate effect on the listing of the Common Stock, which continues to trad
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580864/000095017023072647/0000950170-23-072647-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.