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-99.1 - PRESS RELEASE, DATED APRIL 8, 2021 - RumbleOn, Inc. | rmbl_ex991.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 99.2
RumbleOn, Inc. Announces Pricing of 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 the
pricing of its previously announced underwritten public offering.
The Company is offering 1,048,998 shares of its Class B Common
Stock, par value $0.001 per share, at a price to the public of
$38.00 per share. In connection with the offering, the Company has
also granted the underwriters a 30-day option to purchase up to an
additional 157,349 shares of Class B Common Stock offered in the
public offering to cover over-allotments, if any.
RumbleOn
intends to use the net proceeds from the offering for working
capital and general corporate purposes. The offering is expected to
close on April 13, 2021, subject to customary closing
conditions.
B. Riley Securities is acting as sole book-running manager for the
offering. Akerman LLP served as legal counsel to RumbleOn and
Nelson Mullins Riley & Scarborough LLP served as legal counsel
to the underwriters.
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 and a registration
statement on Form S-3MEF (Reg. No. 333-255139) became effective
upon filing with the SEC on April 8, 2021. 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 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, including the preliminary
prospectus supplement. 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