• Vroom issued 20,000 newly created preferred units in a private placement that raised USD 20 million in gross proceeds.
• The securities were sold on Sept. 30, 2026 by its subsidiary Vroom Automotive to SPE Holdings 2026-1.
• The sale included 16,000 Series A1 preferred units, which are not convertible, and 4,000 Series B1 preferred units, which are convertible into common units at the holder’s option.
• The preferred units carry quarterly preferential distributions that reset to the 90-day average SOFR plus 8.50% for Series A1 or 9.25% for Series B1.
• Proceeds will be used to repay certain obligations, with remaining funds earmarked to buy residual interests in asset-backed securitization trusts.

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: 0001193125-26-409064), on September 30, 2026, and is solely responsible for the information contained therein.