Vroom Inc. Raises $22.5 Million Through Private Sale of Preferred Units
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Vroom Inc. has raised $22.5 million through a private sale of preferred units by its subsidiary, Vroom Automotive LLC. The issuance includes 15,000 Series A preferred units and 7,500 Series B preferred units, with quarterly distributions based on the Secured Overnight Financing Rate (SOFR). Series A units yield 8.25%, while Series B units yield 9% and are convertible into common units. The funds will be used for general corporate purposes.
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