Vroom plans 1-for-5 reverse stock split upon Chapter 11 emergence to meet Nasdaq criteria

Vroom, Inc.

Reverse split at 1-for-5 ratio effective upon conclusion of prepackaged Chapter 11 case; no stockholder vote needed.
No fractional shares; rounding to nearest whole share, with half or less rounded down.
Warrants adjusted: 361,649 shares available at exercise price $60.95 post-split.
Proportional adjustments to equity awards, stock options, and RSUs under equity plans.
Objective to comply with Nasdaq minimum bid price and ongoing listing requirements for liquidity.

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