Vroom, INC Schedule 13D activist filings

Filed when an investor crosses five percent and intends to influence the company — the activist disclosure.

Mudrick Capital Management, L.P. has increased its beneficial ownership in Vroom, Inc. to 76.1%, primarily through various distressed opportunity funds, and has entered into an agreement to vote in favor of redeeming Vroom Automotive Preferred Units.
Vroom, Inc. has entered into an agreement to issue up to $22 million in senior secured convertible notes due 2032 to Mudrick Capital Management.
Mudrick Capital Management, L.P. and its affiliates now beneficially own 76.3% of Vroom, Inc. common stock and have entered a voting agreement related to preferred unit redemption.
Mudrick Capital Management, L.P., a major shareholder in Vroom, Inc., has formalized an agreement granting its founder, Jason Mudrick, a non-voting board observer position.
Mudrick Capital Management and its affiliated funds have become the beneficial owners of 76.5% of Vroom, Inc.'s common stock following the company's emergence from Chapter 11 bankruptcy on January 14, 2025.
Vroom, Inc. has successfully emerged from its prepackaged Chapter 11 bankruptcy, leading to a 1-for-5 common stock conversion and the issuance of new shares and warrants to certain entities.