---
schema_version: "secwatch.filing_event.v1"
accession: "0001484778-24-000179"
form_type: "8-K"
ticker: "TDUP"
cik: "0001484778"
company_name: "ThredUp Inc."
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T09:45:40.808163+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ThredUp divests European business Remix for €1, retains 9% stake and €61.6M convertible note

## Summary
- Sold 91% of Remix US Holdings to GM Florin Filote for €1; retains 9% minority stake.
- Received €61.6M unsecured convertible promissory note from Remix (125bp + EURIBOR, due 2034).
- Provided final $2M cash investment to Remix to help fund operations pre-closing.
- Pro forma: continuing ops revenue $192.8M, operating loss $32.5M for nine months ended Sep 30, 2024.
- Allows ThredUp to focus on core US marketplace; Remix to operate independently.

## SEC filing metadata
- accession: 0001484778-24-000179
- form_type: 8-K
- ticker: TDUP
- cik: 0001484778
- company_name: ThredUp Inc.
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1484778/000148477824000179/0001484778-24-000179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1484778/000148477824000179/tdup-20241130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001484778-24-000179
- JSON: https://secwatch.observer/filing/0001484778-24-000179.json
- Plain text: https://secwatch.observer/filing/0001484778-24-000179.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.