Vroom Inc. announced that its subsidiary, Vroom Automotive LLC, has issued 15,000 Series A preferred units and 7,500 Series B preferred units to SPE Holdings 2026-1, a Delaware statutory trust, in a private placement for aggregate gross proceeds of $22.5 million. The Series A and Series B preferred units will receive quarterly preferential distributions based on the Secured Overnight Financing Rate $(SOFR)$ plus a spread, with Series A at 8.25% and Series B at 9%. The Series B preferred units are convertible into common units at the option of the holder, while Series A units are not convertible. Proceeds from the transaction will be used for Vroom’s general corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vroom Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-017221), on January 21, 2026, and is solely responsible for the information contained therein.
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