Bankruptcy: CGP2 Managers, L.L.C.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-01-16

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000110465925004215

Filing Summary: On January 14, 2025, Vroom, Inc. emerged from the prepackaged Chapter 11 case voluntarily filed in the U.S. Bankruptcy Court for the Southern District of Texas, which led to the effectiveness of its Plan. The plan included adopting an Amended and Restated Certificate of Incorporation that instituted an automatic conversion of the outstanding Common Stock at a ratio of 1-for-5, referred to as the 'Bankruptcy Emergence Issuance Adjustment.' As a result of this adjustment, Cumulus was granted 21,937 shares of the Issuer's new common stock ('New Common Stock'), and Accelerator was allocated 795 shares of New Common Stock. Additionally, warrants for purchasing shares of New Common Stock were issued at an exercise price of $60.95, with Cumulus receiving 21,937 Warrants and Accelerator obtaining 795 Warrants. This information is based on 5,163,109 shares of New Common Stock that were issued and outstanding as of January 14, 2025, according to the Issuer's Form 8-K filed on January 15, 2025. No other transactions in the New Common Stock were reported by the Reporting Persons within the past 60 days.