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.