Vroom Announces “At The Market” (ATM) Equity Offering Program

About this update from Vroom, Inc.

[{"type":"text","content":" HOUSTON--(BUSINESS WIRE)--\nVroom, Inc. (Nasdaq: VRM), (“Vroom” or the “Company) a leading e-commerce platform for buying and selling used vehicles, today announced it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (the “SEC”) under which it may offer and sell from time to time and at its discretion shares of its common stock having an aggregate offering price of up to $50.0 million pursuant to an “at the market” offering program (the “ATM Program”). There can be no assurance that the Company will issue and sell any shares under the ATM Program. The timing of any sales and the number of shares sold, if any, will depend on a variety of factors to be determined by the Company.\n\n\nThe shares will be offered pursuant to an equity distribution agreement between the Company and Virtu Americas LLC, as sales agent. Sales may be made by any method permitted by law, including in sales deemed to be “at the market offerings” as defined in Rule 415(a)(4) of the Securities Act of 1933, as amended, in ordinary brokers’ transactions on the Nasdaq Global Select Market at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, in block transactions, as otherwise agreed with the applicable sales agent, by means of any other existing trading market for the Company’s common stock, to or through a market maker other than on an exchange, or through a combination of any such methods of sale. Sales may be made at market prices prevailing at the time of the sale, at prices related to prevailing market prices or at negotiated prices and, as a result, sales prices may vary.\n\n\nThe prospectus supplement filed today adds to, updates or otherwise changes information contained in the accompanying prospectus contained in the Company’s shelf registration statement on Form S-3 (File No. 333-267361) filed by Vroom with the SEC on September 9, 2022, and which became effective on September 20, 2022, for the offering of shares. Prospective investors should read the prospectus in that registration statement and the prospectus supplement (including the documents incorporated by reference therein) for more complete information about Vroom and the ATM Program, including the risks associated with investing in Vroom. Copies of the prospectus supplement and related prospect...

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