Attached files
file | filename |
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EX-99.1 - PRESS RELEASE - RumbleOn, Inc. | rmbl_ex991.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 99.2
RumbleOn, Inc. Announces Closing of Underwritten Offering of Class
B Common Stock
CHARLOTTE, N.C., Oct. 23, 2017 (GLOBE NEWSWIRE)
-- RumbleOn,
Inc. (NASDAQ:RMBL)
today announced the closing 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 until November 19, 2017. After the
underwriting discount and estimated offering fees and expenses
payable by the Company, RumbleOn expects net proceeds of
approximately $14.5 million
Roth Capital Partners and Maxim Group LLC served as joint
book-running managers for the offering. Aegis Capital Corp. served
as co-manager for the offering.
The shares were offered by means of a prospectus, copies of which
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. 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.
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.