Highest-materiality recent filing
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 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 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.
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 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.
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