Vroom enters $50M ATM equity offering with Virtu Americas

Vroom, Inc.

Vroom may sell up to $50M of common stock through ATM program with Virtu Americas as sales agent.
Sales at market prices; Virtu receives up to 2.5% commission on gross proceeds.
Company filed prospectus supplement on Dec 1, 2023; shares offered via multiple methods.
No assurance any shares will be sold; timing and amount at company's discretion.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Vroom, Inc. entered into Equity Distribution Agreement with Virtu Americas LLC valued at up to $50.0 million (effective 2023-12-01).

Action: entry
Agreement: atm program
Counterparty: Virtu Americas LLC
Value: up to $50.0 million
Effective: 2023-12-01

Exact text from the filing

On December 1, 2023, Vroom, Inc. (the “Company”) entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with Virtu Americas LLC (“Virtu”) to sell shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), with aggregate gross sales proceeds of up to $50.0 million, from time to time, through an “at-the-market” equity offering program under which Virtu will act as sales agent.

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Vroom, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-287564

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