regulatory
confidence high
sentiment negative
materiality 0.90
Vroom receives Nasdaq delisting notice due to Chapter 11 filing; trading to suspend Dec 2
Vroom, Inc.
- Nasdaq determined to delist Vroom common stock (VRM) under Rules 5101, 5110(b), IM-5101-1 due to prepackaged Chapter 11 case filed Nov 13, 2024.
- Trading of common stock will be suspended at opening of business on December 2, 2024; Nasdaq will file Form 25-NSE with SEC.
- Company has right to appeal delisting determination but does not indicate intention to do so.
- After delisting, common stock may trade on OTC Markets Group; no assurance of meeting initial listing standards on another exchange.