Attached files
file | filename |
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EX-99.2 - PRESS RELEASE - RumbleOn, Inc. | rmbl_ex992.htm |
EX-4.1 - FORM OF WARRANT TO PURCHASE CLASS B COMMON STOCK - RumbleOn, Inc. | rmbl_ex41.htm |
EX-1.1 - UNDERWRITING AGREEMENT - RumbleOn, Inc. | rmbl_ex11.htm |
8-K - CURRENT REPORT - RumbleOn, Inc. | rmbl_8k.htm |
Exhibit 99.1
RumbleOn Prices Underwritten Offering of Class B Common
Stock
Uplisting to The NASDAQ Capital Market
Charlotte, NC, October 19, 2017 (GlobeNewswire) – RumbleOn,
Inc. (the “Company” or “RumbleOn”)
(NASDAQ: RMBL) today announced the
pricing of an underwritten public offering of 2,910,000 shares of
its Class B common stock at a price of $5.50 per share. The Company
has also granted the underwriters a 30-day option to purchase up to
436,500 additional shares of Class B common stock. After the
underwriting discount and estimated offering fees and expenses
payable by the Company, RumbleOn expects to receive net proceeds of
approximately $14.5 million, assuming no exercise of the
overallotment option. The offering is expected to close on October
23, 2017, subject to the satisfaction of customary closing
conditions.
Additionally, RumbleOn’s Class B common stock has been
approved for listing on The NASDAQ Capital Market
(“NASDAQ”) and the Company’s shares will begin
trading on NASDAQ at the opening of trading on Thursday, October
19, 2017, under the Company’s current symbol
“RMBL.”
Roth Capital Partners and Maxim Group LLC are acting as joint
book-running managers for the offering. Aegis Capital Corp. is
acting as co-manager for the offering.
The offering is being made only by means of a prospectus. Copies of
the prospectus may be obtained from Roth Capital Partners, 888 San
Clemente Drive, Suite 400, Newport Beach, CA 92660, or by telephone
at (800) 678-9147; from Maxim Group, Attn: Eileen Citarrella, 405
Lexington Avenue, 2nd Floor, New York, NY 10174 or by telephone at
(212) 895-3745, or by email at ecitarrella@maximgrp.com;
or by accessing the SEC’s website,
www.sec.gov.
A Registration Statement on Form S-1 (as amended, the
“Registration Statement”) relating to these securities
has been filed with, and declared effective by, the United States
Securities and Exchange Commission (“SEC”). Copies of
the Registration Statement can be accessed through the SEC’s
website at www.sec.gov.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor will there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful before registration or
qualification under the securities laws of that state or
jurisdiction.
About RumbleOn
RumbleOn
operates a capital light disruptive e-commerce platform
facilitating the ability of both consumers and dealers to
Buy-Sell-Trade-Finance pre-owned motorcycle and other power sport
and recreation vehicles in one online location. RumbleOn’s
goal is to transform the way motorcycles and other power sport and
recreation vehicles are bought and sold by providing users with the
most efficient, timely and transparent transaction
experience. RumbleOn’s initial focus is the market for
601cc and larger on-road motorcycles, particularly those
concentrated in the “Harley-Davidson” brand.
Serving both consumers and dealers, through its online platform,
RumbleOn makes cash offers for the purchase of their vehicles and
intends to provide them the flexibility to trade, list, or auction
their vehicle through RumbleOn’s website and mobile
applications. In addition, RumbleOn offers a large inventory of
used vehicles for sale along with third-party financing and
associated products. For additional
information, please visit RumbleOn’s website at
www.RumbleOn.com.
Also visit the Company on Facebook,
LinkedIn,
Twitter,
Instagram,
YouTube
and Pinterest.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the safe harbor provisions
of the U.S. Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include statements relating to the
offering, including the timing of the closing of the offering. The
Company cautions that these statements are qualified by important
factors that could cause actual results to differ materially from
those reflected by the forward-looking statements contained in this
press release. Such factors include the “Risk Factors”
set forth in the Company’s most recent SEC filings and in the
Registration Statement. All forward-looking statements are based on
information available to the Company on the date of this press
release and the Company assumes no obligation to update such
statements, except as required by law.
Contact
Alecia Pulman (Media) /Megan Crudele (Investors)
ICR
RumbleOn@icrinc.com
646-277-1200
Source:
RumbleOn, Inc.