Vroom Stockholders Approve Reverse Split and Adjournment Option
Company Announcements

Vroom Stockholders Approve Reverse Split and Adjournment Option

Vroom Inc (VRM) has released an update to notify the public and investors about the submission of matters to a vote of security holders.

Vroom, Inc. successfully conducted a Special Meeting of Stockholders on February 5, 2024, with nearly 60% of the common stock represented. Stockholders approved a significant amendment for a reverse stock split at a ratio determined by the Board, as well as a measure allowing for an adjournment to seek further proxy votes if needed. Both proposals received a clear majority of votes in favor, marking a decisive step for the company’s future corporate actions.

For further insights into VRM corporate activity, check out TipRanks’ Insiders Trading Activity page.

For a comprehensive understanding of the announcement, you can read the full document here.

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