Nikul Patel
On April 24, 2025, the Board of Directors (the "Board") of Vroom, Inc. (the "Company") appointed Nikul Patel to the Board, effective April 24, 2025.
Highest-materiality recent filing
Vroom amends warehouse credit facility, extends commitment termination to Sep 30, 2026
On Aug 26, 2026, UACC and UACC Auto Financing Trust V entered Amendment No. 11 to the warehouse credit facility.
Vroom reports Q2 2026 results; no financial details in provided filing excerpt
Company issued press release and slide presentation for quarter ended June 30, 2026.
Vroom extends warehouse credit facility maturity to June 2027 and improves covenant terms
Amendment No. 29 extends commitment termination date from July 2, 2026 to June 2, 2027.
Vroom shareholders elect seven directors, ratify auditor, approve executive compensation
All seven director nominees elected: highest vote 4,217,142 (Thomas H. Shortt), lowest 4,065,689 (Michael J. Farello).
Vroom Extends Warehouse Credit Facility One to July 2, 2026 and Alters Facility Two Covenants
Amendment No. 28 extends Warehouse Credit Facility One's Commitment Termination Date from June 2, 2026 to July 2, 2026.
Vroom reports Q1 2026 results; filing lacks specific financial data
Vroom issued press release and earnings presentation for Q1 2026 on May 14, 2026.
Vroom reports Q4 and full-year 2025 results; detailed figures not available in provided text
Filing includes press release and investor presentation for quarter and year ended Dec 31, 2025.
Vroom subsidiary UACC closes $225M auto loan securitization, notes rates 4.41%-7.77%
UACC sold $274.9M of subprime auto receivables to trust; trust issued $225M in five tranches of asset-backed notes.
Vroom subsidiary issues $22.5M in preferred units to SPE Holdings 2026-1
Vroom Automotive LLC issued 15,000 Series A and 7,500 Series B preferred units for $22.5M total proceeds.
Vroom issues up to $10.5M senior secured notes to Board Chair Mylod at SOFR+7.5%
Initial draw of $5M, maximum aggregate principal commitment $10.5M.
Vroom reports Q3 2025 results; specific figures not available in filed text
Press release and earnings presentation issued on November 10, 2025 for quarter ended September 30, 2025.
Vroom ups credit facility by $10M to $35M; no draws as of Sept 30, 2025
Maximum facility amount increased from $25M to $35M effective Sept 30, 2025.
Vroom subsidiary amends warehouse credit facility; maturity extended to July 2027
UACC and United Auto Financing Trust V entered into amendment to Warehouse Credit Facility.
Vroom issues $10M in 5% convertible notes due 2030 at $35 conversion price
Issued $10M aggregate principal of 5.000% Convertible Notes due 2030 to two purchasers.
Vroom announces Q2 2025 results; no specific figures available in filing excerpt
Company reported financial results for quarter ended June 30, 2025.
Vroom corrects OTCQX warrant trading symbol to VRMWW
Original 8-K dated July 7, 2025 listed symbol VRMMW for warrants; now corrected to VRMWW.
Vroom to list warrants on OTCQX under symbol VRMMW starting July 7
Warrants to trade on OTCQX Best Market effective July 7, 2025.
All eight incumbent directors re-elected with >99% votes FOR; broker non-votes 86,481 on each.
Vroom Q1 2025: $(6.7M) adj. net loss; recap eliminates long-term debt
Net income from continuing ops: $(6.5)M (Jan 15-Mar 31) and $45.1M (Jan 1-15).
Vroom appoints Nikul Patel to board of directors effective April 24, 2025
Nikul Patel appointed to the Board, effective April 24, 2025; no family relationships or arrangements.
Vroom amends warehouse credit facility: extends maturity to 2027, cuts capacity to $200M
Entry into amendment of revolving credit facility by UACC and VFS Near Prime Trust I as borrower.
Vroom post-emergence pro forma net loss $111.2M; interest income $182.8M for 2024
Pro forma net loss of $111.2M for year ended Dec 31, 2024 vs historical $138.2M.
Vroom subsidiary UACC closes $324M auto loan ABS transaction
UACC sold $382M subprime auto receivables to trust; trust issued $324M in notes across 5 classes (4.80%-7.71%).
Vroom reports Q4/FY2024 net loss, completes recapitalization, secures $25M credit line
$(36.7)M and $(138.2)M net loss from continuing ops in Q4 and FY2024, respectively.
Vroom receives Nasdaq relisting approval; Q4 prelim liquidity $58M
Vroom common stock approved for relisting on Nasdaq Global Market under VRM; trading starts Feb 20, 2025.
Converted ~$290.5M principal of 0.75% convertible notes into 92.94% of new common stock; parent has no long-term debt.
Vroom plans 1-for-5 reverse stock split upon Chapter 11 emergence to meet Nasdaq criteria
Reverse split at 1-for-5 ratio effective upon conclusion of prepackaged Chapter 11 case; no stockholder vote needed.
Vroom receives Nasdaq delisting notice due to Chapter 11 filing; trading to suspend Dec 2
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.
Filed Chapter 11 prepackaged on Nov 13, 2024; RSA with ~98% of noteholders and ~6% of equity holders.
Vroom Q3 net loss $37.7M, to restructure $290M notes via prepackaged Chapter 11
Net loss from continuing operations $37.7M; Adjusted EBITDA $(25.5)M.
Vroom unveils strategic plan focusing on financing and contract servicing
Long-term plan leverages remaining assets after discontinuing ecommerce operations in Jan 2024.
Vroom Q2 net loss from continuing ops widens to $19.1M; Adjusted EBITDA loss $7.5M
Net loss from continuing ops $(19.1M) vs $(7.5M) in Q2 2023; total net loss $(21.2M).
Vroom Chief Legal Officer Patricia Moran to step down; Anna-Lisa Corrales appointed successor
Patricia Moran's employment as Chief Legal Officer ends Aug 23, 2024; she will provide consulting services for up to one year at $500/hour.
Vroom shareholders approve 350K share increase to 2020 plan; elect new director
Shareholders approved amendment to increase shares under 2020 Incentive Award Plan by 350,000.
Net loss from continuing operations $44.7M vs. $15.5M loss in Q1 2023; Adjusted EBITDA -$32.2M.
Vroom CFO Krakowiak steps down; Zakowicz named new CFO effective May 17, 2024
Robert Krakowiak to step down as CFO/Treasurer/PAO on May 17, 2024; appointed Vice Chair of the Board.
Vroom subsidiary UACC closes $315.8M asset-backed note securitization on $380M subprime auto loans
UACC sold ~$380M of subprime motor vehicle contracts to Trust; issued $315.8M in ABS notes across 5 classes.
Vroom dismisses PwC, appoints RSM US as auditor for FY2024
Audit committee approved RSM US LLP as new independent auditor for fiscal year ending Dec 31, 2024, effective after filing Q1 2024 10-Q.
Vroom substantially completes wind-down of ecommerce operations; now focused on UACC and CarStory
Pro forma 2023 net loss of $94.7M vs historical $365.5M; 2022 pro forma net income of $115.2M vs historical loss $451.9M.
Vroom estimates $31.5M in one-time costs for ecommerce wind-down
Vroom estimates $31.5M in one-time expenses for Value Maximization Plan.
Vroom reports Q4 net loss $141.3M, ecommerce wind-down nearly complete
Cash $135.6M at Dec 31, 2023; ~$94M as of Feb 29, 2024 after winding down ecommerce.
Vroom implements 1-for-80 reverse stock split effective Feb 13, 2024
Reverse stock split at 1-for-80 ratio approved by board on Feb 5, effective at 5pm ET Feb 13.
Vroom stockholders approve 1-for-80 reverse stock split; effective Feb 13, 2024
85.9M shares (59.94% of outstanding) present at special meeting; reverse split approved with 69.8M for, 15.8M against.
Vroom discontinues ecommerce operations, winds down used vehicle dealership
Suspending transactions via vroom.com; selling used vehicle inventory through wholesale channels.
Vroom receives Nasdaq delisting notice; proposes reverse stock split to comply
Nasdaq notified Vroom on Dec 21, 2023, that its stock closed below $1.00 for 30 consecutive business days.
Vroom enters $50M ATM equity offering with Virtu Americas
Vroom may sell up to $50M of common stock through ATM program with Virtu Americas as sales agent.
Vroom Q3 2023 net loss $82.9M; ecommerce units up 11% sequentially, GPPU improves to $3,144
Net loss of $82.9M, Adjusted EBITDA loss of $64.5M; both worsened vs Q2 2023.
Vroom Q2 net loss narrows to $66.3M; ecommerce GPPU rises to $2,954
Ecommerce units sold 4,127 (+5% sequential), first sequential growth since Q2 2022.
Vroom regains Nasdaq minimum bid price compliance; deficiency resolved
Received Nasdaq Compliance Notice on June 23, 2023, after bid price closed at $1.00+ for 10 consecutive business days through June 22.
Vroom annual meeting: all director nominees elected; auditor and say-on-pay approved
All seven director nominees elected with 37.1M to 39.1M votes FOR; broker non-votes ~37.2M on each.
On April 24, 2025, the Board of Directors (the "Board") of Vroom, Inc. (the "Company") appointed Nikul Patel to the Board, effective April 24, 2025.
On January 14, 2025 and pursuant to the terms of the Plan, as confirmed by the Bankruptcy Court under Chapter 11 of the Bankruptcy Code, Matthew Pietroforte, was appointed as a member of the Board.
Ms. Moran will cease her employment as the Company’s Chief Legal Officer, General Counsel and Secretary, effective as of August 23, 2024
the Board appointed Anna-Lisa Corrales, the Company’s former Chief Compliance Officer, as Chief Legal Officer, Chief Compliance Officer and Secretary.
Effective May 17, 2024 (the “CFO Transition Date”), Robert R. Krakowiak will cease his service as Chief Financial Officer, Treasurer and principal financial officer of Vroom, Inc.
the Company appointed Robert R. Krakowiak as a member of the board of directors (the “Board”) of the Company, and as Vice Chair of the Board, in each case effective as of the CFO Transition Date.
the Board appointed Agnieszka Zakowicz, the Company’s current Senior Vice President and principal accounting officer, as the Company’s Chief Financial Officer and Treasurer and designated her as the Company’s principal financial officer.
On October 26, 2022, the Board of Directors (the “Board”) of Vroom, Inc. (the “Company”) elected Timothy M. Crow to serve as a member of the Board.
In addition, on October 26, 2022 Mr. Frederick Terrell O. Terrell provided notice of his resignation from the Company's Board, effective as of that date.
On July 21, 2022, Vroom, Inc. (the “Company”) promoted Agnieszka Zakowicz to Senior Vice President and Principal Accounting Officer, effective as of July 25, 2022 (the “Commencement Date”).
On June 30, 2022, Mark E. Roszkowski resigned from his position as Chief Strategy Officer and General Manager of Vroom Financial Services of Vroom, Inc. (the “ Company ”) effective as of July 15, 2022
Robert J. Mylod, Jr., the current Chairperson of the Board, has been appointed as the Independent Executive Chair of the Board
Max materiality 1.00 · Median 0.60 · Most common event other_material