Vroom Warrants will Trade on the OTCQX® under Symbol “VRMMW”
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 of Vroom’s new common stock at an exercise price of $60.95 per share; each such existing shareholder received one warrant for each share of new common stock they were issued under the recapitalization. Each warrant was immediately exercisable upon the issuance date and will expire five years from the issuance date.
About Vroom (Nasdaq: VRM)
Vroom owns and operates United Auto Credit Corporation (“UACC”), a leading automotive lender serving the independent and franchise dealer market nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail. Prior to January 2024, Vroom also operated an end-to-end ecommerce platform to buy and sell used vehicles. Pursuant to its previously announced Value Maximization Plan, Vroom discontinued its ecommerce operations and used vehicle dealership business.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the commencement of trading of our warrants on the OTCQX® Best Market and the timing thereof. These statements are based on management’s current assumptions and are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties identified under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, which is available on our Investor Relations website at ir.vroom.com and on the SEC website at www.sec.gov. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect future events or circumstances.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250707991035/en/
Investor Relations:
Vroom
Jon Sandison
[email protected]
KEYWORDS: United States North America New York
INDUSTRY KEYWORDS: Professional Services Aftermarket Automotive Data Analytics Technology Finance Artificial Intelligence
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