Vroom implements 1-for-80 reverse stock split effective Feb 13, 2024

Vroom, Inc.

Reverse stock split at 1-for-80 ratio approved by board on Feb 5, effective at 5pm ET Feb 13.
Every 80 pre-split shares automatically combined into one share; par value unchanged.
Common stock begins split-adjusted trading on Nasdaq Feb 14 under same symbol VRM, new CUSIP 92918V 208.
Prior stockholder vote authorized reverse split ratio range of 1-for-35 to 1-for-80.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

Vroom, Inc.: Certificate of Amendment to Amended and Restated Certificate of Incorporation became effective to implement a 1-for-80 reverse stock split of common stock (effective 2024-02-13).

Change: charter amendment
Effective: 2024-02-13

Exact text from the filing

At 5:00 p.m., Eastern Time, on February 13, 2024 (the “Effective Time”), a Certificate of Amendment to Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) became effective and implemented the reverse stock split of the Company’s common stock at a ratio of 1-for-80 (the “Reverse Stock Split”).

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Vroom, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-014928

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