Brief: Vroom Expects Will Incur Approx $31.5 Mln In One-Time Expenses In Connection With Value Maximization Plan
13/03/2024 22:12
March 13 (Reuters) - Vroom Inc VRM.O :
* VROOM INC - NOW ESTIMATES IT WILL INCUR APPROXIMATELY
$31.5
MILLION IN ONE-TIME EXPENSES IN CONNECTION WITH VALUE
MAXIMIZATION PLAN
* VROOM-ALTHOUGH ANTICIPATES ECOMMERCE WIND DOWN TO BE
SUBSTANTIALLY COMPLETE BY MARCH 31, ADDITIONAL WIND-DOWN COSTS
MAY BE INCURRED THROUGH END OF 2024
Source text for Eikon: ID:n0000950170-24-030786
Further company coverage: VRM.O
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Vroom
See all newsBrief: Vroom Completes Recapitalization
Brief: Vroom Inc Commences Voluntary Chapter 11 Proceeding
Brief: Vroom Released Long-Term Strategic Plan
Brief: Vroom's Unit Enters Into A Series Of Agreements
Brief: Vroom Expects Will Incur Approx $31.5 Mln In One-Time Expenses In Connection With Value Maximization Plan