Colin Sebastian

- Vroom, Inc. entered into a Note Purchase Agreement on **August 29, 2025**, for the issuance and sale of **5.000% Convertible Senior Notes due 2030**.  **[1580864_0000950170-25-112245_vrm-ex10_1.htm:0]** **[1580864_0000950170-25-112245_vrm-20250829.htm:1]** 
- The company sold an **aggregate principal amount of $10,000,000** of these notes in a private placement to Annox Capital, LLC and Robert J. Mylod, Jr..  **[1580864_0000950170-25-112245_vrm-20250829.htm:1]** **[1580864_0000950170-25-112245_vrm-ex10_1.htm:18]** 
- The notes are immediately convertible into Vroom's common stock at a price of **$35 per share**.  **[1580864_0000950170-25-112245_vrm-20250829.htm:1]** 
- This transaction was conducted in reliance on exemptions from registration under the Securities Act.  **[1580864_0000950170-25-112245_vrm-ex10_1.htm:0]** **[1580864_0000950170-25-112245_vrm-20250829.htm:1]**

Vroom, Inc. Sells $10 Million in Convertible Notes

- Vroom, Inc.'s wholly-owned subsidiaries, United Auto Credit Corporation and United Auto Financing Trust V, **amended their revolving Warehouse Credit Facility** on **August 29, 2025**.  **[1580864_0000950170-25-112243_vrm-20250829.htm:0]** 
- The amendment **renewed the facility**, extending its maturity date to **July 25, 2027**, and established a funding termination date of **August 28, 2026**.  **[1580864_0000950170-25-112243_vrm-20250829.htm:0]** 
- Key changes include a **reduced advance rate** and **increased tangible net worth and minimum liquidity requirements**, though the **aggregate borrowing capacity remains unchanged**.  **[1580864_0000950170-25-112243_vrm-20250829.htm:0]**

Vroom (VRM)