Vroom Inc (VRM) has released an update.
Vroom, Inc. stockholders have greenlit a reverse stock split, with the Board of Directors setting the ratio at 1-for-80, effective February 13, 2024. This adjustment means every 80 shares will consolidate into one, maintaining the same par value, and the new split-adjusted shares are expected to trade on Nasdaq under the ticker “VRM” starting February 14. This move is a strategic step that aims to influence the stock’s market position and reflects the company’s proactive approach to managing its equity structure.
For further insights into VRM stock, check out TipRanks’ Stock Analysis page.
