{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-409064","form_type":"8-K","ticker":"VRM","cik":"0001580864","company_name":"Vroom, Inc.","filed_at":"2026-09-30T20:13:36+00:00","discovered_at":"2026-09-30T20:14:00.272061+00:00","generated_at":"2026-10-12T14:05:05.440954+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Vroom Automotive raises $20M via preferred units at SOFR+8.50-9.25%; funds ABS residual purchases","bullets":["Vroom Automotive, LLC issued 16,000 Series A1 and 4,000 Series B1 preferred units at $1,000/unit to SPE Holdings 2026-1 for $20,000,000 gross on September 30, 2026.","Units pay quarterly distributions equal to liquidation preference times 90-day average SOFR plus 8.50% (Series A1) or 9.25% (Series B1), resetting each distribution date.","Series B1 units are convertible into Vroom Automotive common units at SPE Holdings' option at any time; Series A1 units are not convertible.","Proceeds plus a UACC loan prepayment will repay certain obligations and buy residual interests in United Auto Credit Securitization Trusts 2024-1 and 2026-1.","Pre-closing capitalization: 39,229 common units, 15,000 Series A and 7,500 Series B preferred; an origination fee was paid to the purchaser, amount redacted."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-409064","json":"https://secwatch.observer/filing/0001193125-26-409064.json","markdown":"https://secwatch.observer/filing/0001193125-26-409064.md","text":"https://secwatch.observer/filing/0001193125-26-409064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1580864/000119312526409064/0001193125-26-409064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1580864/000119312526409064/vrm-20260930.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:05:05.440954+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}