Vroom, Inc. Enters Material Definitive Agreement
Ticker: VRMWW · Form: 8-K · Filed: Oct 10, 2025 · CIK: 1580864
| Field | Detail |
|---|---|
| Company | Vroom, Inc. (VRMWW) |
| Form Type | 8-K |
| Filed Date | Oct 10, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $25,000,000, $35,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Vroom just signed a big deal, could be good or bad for the stock.
AI Summary
On October 9, 2025, Vroom, Inc. entered into a material definitive agreement, likely related to its financial obligations. The company, previously known as AutoAmerica, Inc., is incorporated in Delaware and headquartered in Houston, Texas. This filing indicates a significant financial event for Vroom.
Why It Matters
This filing signals a significant financial transaction or commitment by Vroom, Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement can introduce new financial obligations or strategic shifts, carrying inherent risks.
Key Numbers
- 001-39315 — SEC File Number (Identifies Vroom, Inc.'s filing with the SEC)
- 90-1112566 — IRS Employer Identification No. (Vroom, Inc.'s tax identification number)
Key Players & Entities
- Vroom, Inc. (company) — Registrant
- AutoAmerica, Inc. (company) — Former company name
- October 09, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Houston, Texas (location) — Business address city and state
- 3600 W SAM HOUSTON PKWY S, FLOOR 4 (address) — Business address street
- 77042 (zip_code) — Business address zip code
FAQ
What is the nature of the material definitive agreement Vroom, Inc. entered into?
The filing indicates an 'Entry into a Material Definitive Agreement' and 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' as key items, suggesting a significant financial commitment or contract.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 09, 2025.
What was Vroom, Inc.'s former company name?
Vroom, Inc.'s former company name was AutoAmerica, Inc.
Where is Vroom, Inc.'s principal executive office located?
Vroom, Inc.'s principal executive office is located at 4700 Mercantile Dr., Fort Worth, Texas, 76137.
What is Vroom, Inc.'s fiscal year end?
Vroom, Inc.'s fiscal year ends on December 31.
Filing Stats: 678 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2025-10-10 17:01:03
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value VRM Nasdaq Global Market
- $25,000,000 — ition of "Maximum Facility Amount" from $25,000,000 to $35,000,000 (the "Facility") effecti
- $35,000,000 — um Facility Amount" from $25,000,000 to $35,000,000 (the "Facility") effective as of Septem
Filing Documents
- vrm-20251009.htm (8-K) — 49KB
- vrm-ex10_1.htm (EX-10.1) — 184KB
- 0001193125-25-237183.txt ( ) — 344KB
- vrm-20251009.xsd (EX-101.SCH) — 23KB
- vrm-20251009_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Credit Agreement Amendment On October 9, 2025, Vroom, Inc. ("Vroom"), United Auto Credit Corporation ("UACC") and its indirect subsidiary Darkwater Funding LLC ("Darkwater" and, together with Vroom and UACC, the "Borrowers")) entered into an amendment (the "Amendment") to that certain loan and security agreement (the "Credit Agreement"), dated as of March 8, 2025, by and among Vroom, UACC, and Darkwater as co-borrowers, with Mudrick Capital Management, L.P., as administrative agent, and the lenders party thereto. The Amendment amends the Credit Agreement to, among other things, amend the definition of "Maximum Facility Amount" from $25,000,000 to $35,000,000 (the "Facility") effective as of September 30, 2025, and replace Schedule E to reflect the updated lender commitment amounts. In connection with the Amendment, Darkwater reaffirmed the security interest granted to the administrative agent for the benefit of the secured parties in the collateral securing the Borrowers' obligations under the Credit Agreement. Except as expressly amended by the Amendment, the terms and conditions of the Credit Agreement, including the collateral package, covenants, maturity, interest provisions, and other terms previously disclosed, remain in full force and effect. As of September 30, 2025, the Borrowers have not drawn against the Facility. The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is filed as an exhibit to this Current Report and incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information provided under Item 1.01 is hereby incorporated by reference into this Item 2.03.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 1 to the Loan and Security Agreement by and among Vroom, Inc., Darkwater Funding, LLC, United Auto Credit Corporation, Mudrick Capital Management, L.P., and the lender parties hereto, dated October 9, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VROOM, INC. Date: October 10, 2025 By: /s/ Jonathan Sandison Name: Jonathan Sandison Title: Chief Financial Officer