Vroom subsidiary issues $22.5M in preferred units to SPE Holdings 2026-1

Vroom, Inc.

Vroom Automotive LLC issued 15,000 Series A and 7,500 Series B preferred units for $22.5M total proceeds.
Series A distribution rate: SOFR + 8.25%; Series B: SOFR + 9%, payable quarterly.
Proceeds to be used for loan to UACC, special distribution to Vroom Finance Holdings, and general corporate purposes.
Series B preferred units are convertible into common units of Vroom Automotive; Series A are non-convertible.
Origination fee and reimbursement expenses deducted from purchase price; details redacted.

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 Preferred Unit Purchase Agreement with SPE Holdings 2026-1 valued at Issue 15,000 Series A and 7,500 Series B preferred units for $22,500,000 gross proceeds (effective 2026-01-16).

Action: entry
Agreement: equity purchase
Counterparty: SPE Holdings 2026-1
Value: Issue 15,000 Series A and 7,500 Series B preferred units for $22,500,000 gross proceeds
Effective: 2026-01-16

Exact text from the filing

On January 16, 2026, Vroom Automotive LLC (“ Vroom Automotive ”), a Delaware limited liability company and a subsidiary of Vroom, Inc. (the “ Company ”), holding intellectual property licenses and other financial assets, issued to SPE Holdings 2026-1, a Delaware statutory trust (“ SPE Holdings ”), 15,000 newly issued Series A preferred units (the “ Series A Preferred Units ”) and 7,500 newly issued Series B preferred units (the “ Series B Preferred Units ” and together with the Series A Preferred Units, the “ Vroom Automotive Preferred Units ”) for aggregate gross proceeds of $22,500,000.

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Source: SEC EDGAR

accession 0001193125-26-017221

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