Highest-materiality recent filing
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 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 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 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 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 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).
Net loss from continuing operations $44.7M vs. $15.5M loss in Q1 2023; Adjusted EBITDA -$32.2M.
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.
Max materiality 0.95 · Median 0.55 · Most common event debt