Root issues unregistered warrant to Carvana for up to 1,525,560 Class A shares

ROOT•2026-09-01

Exercise conditions

Exercise depends on specified conditions, including milestones tied to insurance sales through the integrated platform.

Potential share issuance

Full cash exercise would allow Carvana to buy up to 1,525,560 shares of Class A common stock, split into five tranches.

Warrant exchange with Carvana

Root entered a warrant exchange with Carvana on Aug. 31, 2026, cancelling 2021 long-term warrants and issuing a new warrant.

New warrant terms and exemption

The new warrant issuance was treated as an unregistered sale exempt under Securities Act Section 4(a)(2); Carvana represented it is an accredited investor.

Sources

Root issues unregistered warrant to Carvana for up to 1,525,560 Class A shares

Sec

Root issues unregistered warrant to Carvana for up to 1,525,560 Class A shares

Exercise conditions

Potential share issuance

Warrant exchange with Carvana

New warrant terms and exemption

Related News

Advanced Flower Capital Director Leonard M. Tannenbaum acquires $423,241 of common shares

GitLab Q2 results top estimates as bookings, ARR growth signal momentum

Ferroglobe says EU opens interim review of antidumping duties on Chinese silicon metal imports

Sources

Root issues unregistered warrant to Carvana for up to 1,525,560 Class A shares

Rent the Runway adds $10 million incremental term loan facility under amended credit agreement

MACOM SVP, COO Robert Dennehy sells 252 shares for $69,350.4