Continued Progress on Operational Initiatives and Improved Portfolio Performance at UACC Continued Progress on Operational Initiatives and Improved Portfolio Performance at UACC
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (the “Company” or “Vroom”), a leading automotive finance company and a data and AI-powered analytics and digital services platform supporting the automotive industry, will trade its warrants on the OTCQX® Best Market under the symbol “VRMMW”, with trading expected to commence on July 7, 2025. On January 14, 2025, in connection with its recapitalization, the Company issued warrants to its then existing shareholders to purchase an aggregate of 364,516 shares.
NEW YORK, July 07, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Vroom, Inc. (“Vroom”) (OTCQX: VRMWW), a leading automotive finance company and a data and AI-powered analytics and digital services platform supporting the automotive industry, has qualified to trade on the OTCQX® Best Market.
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the first quarter ended March 31, 2025. HIGHLIGHTS OF FIRST QUARTER 2025 $66.9 million consolidated total available liquidity(1) as of March 31, 2025 $14.6 million cash and cash equivalents as of March 31, 2025 $27.3 million of liquidity available to UACC under the warehouse credit facilities $25.0 million of available liquidity from line of credit secured in March 2025 by residual certificates, further st.
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the fourth quarter and fiscal year ended December 31, 2024. HIGHLIGHTS OF FOURTH QUARTER AND FULL YEAR 2024 $57.5 million consolidated total cash and excess liquidity as of December 31, 2024 $29.3 million cash and cash equivalents as of December 31, 2024 $28.2 million of liquidity available to UACC under the warehouse credit facilities $(36.7) million and $(138.2) million net loss from continuing operation.
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (the “Company”), a leading automotive finance company and a data and AI-powered analytics and digital services platform supporting the automotive industry, today provided an update regarding the relisting of the Company's common stock on the Nasdaq Stock Market LLC and certain preliminary unaudited financial results for the fourth quarter 2024, following the Company's recapitalization of its previously issued unsecured convertible senior notes. Vroom has r.
NEW YORK--(BUSINESS WIRE)--Vroom, Inc., a leading automotive finance company and a data, AI-powered analytics and digital services platform supporting the automotive industry, today announced that as of January 14, 2025, it has successfully completed its recapitalization of unsecured convertible senior notes and emerged from the prepackaged Chapter 11 case it voluntarily filed in the U.S. Bankruptcy Court for the Southern District of Texas. Vroom emerges without any long-term debt at Vroom, Inc.
Automotive finance company and digital services platform Vroom filed for Chapter 11 bankruptcy Wednesday (Nov. 13), saying in a filing with the Securities and Exchange Commission (SEC) that it plans to operate its business as a “debtor-in-possession” under the jurisdiction of the bankruptcy court.
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq:VRM) today announced financial results for the third quarter ended September 30, 2024. HIGHLIGHTS OF THIRD QUARTER 2024 $51.1 million cash and cash equivalents as of September 30, 2024 $32.9 million of liquidity available to UACC under the warehouse credit facilities $(37.7) million net loss from continuing operations $(25.5) million Adjusted EBITDA1 Entered into an agreement to restructure $290 million of unsecured convertible notes, into equity t.
NEW YORK--(BUSINESS WIRE)--Vroom, Inc. (Nasdaq: VRM), a leading automotive finance company and an AI-powered analytics and digital services platform for automotive retail, today announced that it has made the strategic decision to enter into a Restructuring Support Agreement (RSA) with holders of an overwhelming majority of its outstanding funded debt and its largest stockholder. The parties to the RSA have agreed to pursue a comprehensive transaction that will restructure Vroom, Inc.'s outstan.
