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Vroom (OTC:VRMMQ), Inc. (NASDAQ:VRM) announced Monday that its warrants are set to commence trading on the OTCQX Best Market under the symbol VRMMW. According to a press release statement, trading of the warrants is expected to begin Monday. The company’s stock, currently trading at $28.71, shows significant price volatility according to InvestingPro data.
Vroom is a retailer in the automotive sector, and its common stock continues to be listed on the Nasdaq Global Market under the ticker VRM. The company, which maintains a strong liquidity position with a current ratio of 6.48 and projects 5.03% revenue growth for FY2025, stated that the move pertains specifically to its warrants, which will now be accessible to investors via the OTCQX Best Market, an over-the-counter trading platform. InvestingPro analysis suggests the stock is currently undervalued.
The announcement was made in a U.S. Securities and Exchange Commission filing under Regulation FD Disclosure. The company did not provide additional details regarding the number of warrants outstanding or the terms of the warrants in this filing.
This information is based on a press release statement included in Vroom’s SEC filing.
In other recent news, Vroom, Inc. held its Annual Meeting of Stockholders, where approximately 89.93% of outstanding shares were represented. During the meeting, shareholders elected eight directors to serve until the 2026 annual meeting and ratified RSM US LLP as the independent accounting firm for the fiscal year ending December 31, 2025. Additionally, the compensation for the company’s named executive officers received advisory approval, confirming the company’s governance and financial oversight. In another development, Vroom announced the appointment of Nikul Patel to its Board of Directors. Patel will participate in the company’s standard compensation program for non-employee directors, which includes a $30,000 annual cash retainer and equity grants in the form of restricted stock units. His appointment is part of Vroom’s efforts to strengthen its leadership and strategic direction. Patel’s induction was formalized by the company’s Board of Directors on April 24, 2025. There are no disclosed arrangements or familial relationships between Patel and other directors or executive officers.
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