Vroom has filed a notice of an exempt offering of securities to raise $10,500,000.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Vroom, Inc. is raising up to $10,500,000.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Vroom, Inc.
On January 22, 2024, Vroom announced that it is discontinuing its e-commerce operations and winding down its used vehicle dealership business. Vroom is honored to have served car buyers and sellers all over the country and is grateful to its dedicated Vroommates, colleagues and business partners. Vroom’s subsidiaries, United Auto Credit Corporation (UACC) and CarStory, both of which are leaders in their respective space, will continue to serve their customers and focus on growing those businesses.
To learn more about Vroom, Inc., visit https://www.vroom.com/
Vroom, Inc. Linkedin Page: https://www.linkedin.com/company/vroom/
Contact:
Anna-Lisa Corrales, Chief Legal Officer
917-451-9855
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