CZOO May 2024 2.000 put
| Previous Close | 1.6500 |
| Open | N/A |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 2.00 |
| Expire Date | 2024-05-17 |
| Day's Range | 1.6500 - 1.6500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 8 |
Business WireCazoo Announces Transition to Pure-Play Automotive Marketplace Business Model
LONDON & NEW YORK, March 06, 2024--Cazoo Group Ltd (NYSE: CZOO) ("Cazoo" or "the Company"), the UK online used car platform which makes buying and selling a car as simple as ordering any other product online, announces its intention to transition to a marketplace business model, leveraging the strength of the Cazoo brand and the market-leading ecommerce platform it has built in online automotive retailing for the benefit of the 13,000 car dealers operating in the UK’s highly fragmented used car
The TelegraphUsed car retailer Cazoo seeks cash lifeline to escape insolvency
The troubled used car supermarket Cazoo is scrambling for a lifeline as it sinks further into a funding crisis.
ReutersBritish car retailer Cazoo flags limited liquidity
Cazoo had cash and cash equivalents of 194.6 million pounds ($246.11 million) as of June 30, and expects to end the year with cash between 100 million pounds and 115 million pounds. The warning comes less than two weeks after Cazoo said it completed its debt restructuring and other related transactions that helped reduce debt from $630 million to $200 million, prior to which it also announced a reverse stock split to help raise capital. Cazoo in August raised substantial doubt about its ability to continue as a going concern, struggling with persistent inventory problems amid a tough economic backdrop across its UK and global markets.
