Attached files
file | filename |
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8-K - CURRENT REPORT - RumbleOn, Inc. | rmbl_8k.htm |
EX-99.3 - PRESS RELEASE, DATED APRIL 13, 2021 - RumbleOn, Inc. | rmbl_ex993.htm |
EX-99.2 - PRESS RELEASE, DATED APRIL 8, 2021 - RumbleOn, Inc. | rmbl_ex992.htm |
EX-5.1 - OPINION OF SNELL & WILMER L.L.P. - RumbleOn, Inc. | rmbl_ex51.htm |
EX-1.1 - UNDERWRITING AGREEMENT - RumbleOn, Inc. | rmbl_ex1-1.htm |
Exhibit 99.1
RumbleOn, Inc. Announces Proposed Public Offering
of its Class B Common Stock
Dallas, Texas, April 8, 2021 – RumbleOn, Inc.
(Nasdaq: RMBL) (the
“Company”), an ecommerce company using innovative
technology to aggregate and distribute pre-owned vehicles to and
from both consumers and dealers, today announced that it is
proposing to offer and sell, subject to market conditions, shares
of its Class B Common Stock in an underwritten public offering. The
Company expects to grant the underwriters a 30-day option to
purchase up to an additional 15 percent of the shares of Class B
Common Stock offered in the public offering to cover
over-allotments, if any. All of the Class B Common Stock is being
offered by the Company.
RumbleOn intends to use the net
proceeds from the offering for working capital and general corporate purposes.
The final terms of the offering will depend on market and other
conditions at the time of pricing, and there can be no assurance as
to whether or when the offering may be completed, or as to the
actual size or terms of the offering.
B. Riley Securities is acting as sole book running manager for the
proposed offering.
A shelf registration statement relating to the shares of Class B
Common Stock being offered was filed with the U.S. Securities and
Exchange Commission (SEC) on Form S-3 (Reg. No. 333-234340) and was
declared effective by the SEC on October 31, 2019. Any offer will
be made only by means of a prospectus supplement and accompanying
base prospectus forming a part of the effective registration
statement. Copies of the preliminary prospectus supplement and
accompanying prospectus relating to the offering may also be
obtained from B. Riley Securities, Inc., Attention: Prospectus
Department, 1300 North 17th
Street, Suite 1300, Arlington,
Virginia 22209, or by telephone at 703-312-9580 or by email
at prospectuses@brileyfin.com;
or on the SEC’s website at http://www.sec.gov. A final
prospectus supplement describing the terms of the offering will be
filed with the SEC.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale is not permitted.
About RumbleOn, Inc.
Founded in 2017, RumbleOn (NASDAQ: RMBL) is an ecommerce company
using innovative technology to aggregate and distribute pre-owned
automotive and powersport vehicles to and from both consumers and
dealers, 100% online. RumbleOn is disrupting the pre-owned vehicle
supply chain by providing dealers with technology solutions such as
virtual inventory, and a 24/7 distribution platform, and consumers
with an efficient, timely and transparent transaction experience,
without leaving home. Whether buying, selling, trading or financing
a vehicle, RumbleOn enables dealers and consumers to transact
without geographic boundaries in a transparent, fast and friction
free experience. For more information, please visit
http://www.rumbleon.com.
Cautionary Note on Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the Private Securities
Litigation Reform Act of 1995 regarding the proposed offering and
the intended use of proceeds from the offering. The offering is
subject to market and other conditions, and there can be no
assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which are based on our expectations as of the date of
this press release and speak only as of the date of this press
release and are advised to consider the factors listed above
together with the additional factors under the heading
“Forward-Looking Statements” and “Risk
Factors” in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2020, as may be supplemented or
amended by the Company’s Quarterly Reports on Form 10-Q and
other filings with the SEC. We undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise, except as required
by law.
Investor Relations:
The Blueshirt Group:
Hilary Sumnicht
Investors@rumbleon.com
Source: RumbleOn, Inc