Attached files
file | filename |
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8-K - CURRENT REPORT - RumbleOn, Inc. | rmbl_8k.htm |
EX-99.2 - PRESS RELEASE, DATED APRIL 8, 2021 - RumbleOn, Inc. | rmbl_ex992.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 99.3
RumbleOn, Inc. Closes $39.86 Million Public Offering of Class B
Common Stock
DALLAS
- 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 closing of its previously announced underwritten
public offering of 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 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.
The
gross proceeds from the public offering were $39.86 million,
excluding underwriting discounts and commissions and other
offering-related expenses.
RumbleOn
intends to use the net proceeds from the offering for working
capital and general corporate purposes.
B.
Riley Securities acted 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 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. The prospectus
supplement relating to this offering is dated April 8, 2021. Copies
of the prospectus supplement and accompanying prospectus relating
to the offering may 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.
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. 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 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