Unknown Company Form SCHEDULE 13D/A — Oct 1, 2026
Mudrick Capital Management and affiliated funds filed Amendment No. 4 to their Schedule 13D on Vroom, Inc., reporting beneficial ownership of 3,982,846 shares, or 76.1% of the common stock, as of September 30, 2026. The amendment discloses a new letter agreement, dated September 30, 2026, among Vroom, Inc., Vroom Automotive, LLC, SPE Holdings 2026-1 and Mudrick, under which Mudrick committed to vote its entire Vroom stake in favor of any Section 382 redemption of Vroom Automotive Preferred Units held by SPE Holdings.
Key figures
- Largest fund position
- Mudrick Distressed Opportunity Fund Global, L.P. 1,058,822 shares (20.2%)
- Mudrick aggregate stake
- 3,982,846 shares (76.1% of class)
- Convertible notes acquired
- $6.5 million Senior Secured Delayed Draw Convertible Notes acquired 2026-08-13, convertible on 2032-04-01
- Notice period 382 redemption
- at least 30 days prior to transaction; 10 business days after definitive agreement
AI analysis
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