8-K filed September 7, 2021, 7:59 PM ET ticker RDNW CIK 0001596961

M&A confidence high sentiment positive materiality 0.75

RumbleOn completes $400.4M acquisition of RideNow Powersports, creates largest US powersports retailer

RideNow Group, Inc.

RideNow equity holders received $400.4M cash and 5,833,333 RumbleOn Class B shares.
Acquisition funded by $167.3M public offering (5,053,029 shares) and $280M new term loan facility.
New Credit Agreement includes $280M term loan and $120M delayed draw; interest rate LIBOR + 8.25% or base + 7.25%.
Board expanded to nine directors; RideNow co-founders William Coulter and Mark Tkach appointed as directors and executive officers.
Employment agreements signed with five executives: Chesrown, Coulter, Tkach, Levy ($500K salary) and Rath ($220K salary); annual bonus up to 125%/100% of salary.

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

William Coulter

Executive Officer

RDNW · RideNow Group, Inc.

Effective: 2021-08-31
Filed: September 7, 2021, 7:59 PM ET

Also, effective August 31, 2021, Mr. Coulter and Mr. Tkach were appointed executive officers of the Company.

Appointed

Mark Tkach

Executive Officer

RDNW · RideNow Group, Inc.

Effective: 2021-08-31
Filed: September 7, 2021, 7:59 PM ET

Also, effective August 31, 2021, Mr. Coulter and Mr. Tkach were appointed executive officers of the Company.

Appointed

William Coulter

Director

RDNW · RideNow Group, Inc.

Effective: 2021-08-31
Filed: September 7, 2021, 7:59 PM ET

appointed William Coulter and Mark Tkach each as a director of the Company effective August 31, 2021.

Appointed

Mark Tkach

Director

RDNW · RideNow Group, Inc.

Effective: 2021-08-31
Filed: September 7, 2021, 7:59 PM ET

appointed William Coulter and Mark Tkach each as a director of the Company effective August 31, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William Coulter was appointed as Executive Officer at RideNow Group, Inc..

Action: appointed
Role: Executive Officer

Exact text from the filing

Also, effective August 31, 2021, Mr. Coulter and Mr. Tkach were appointed executive officers of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Tkach was appointed as Executive Officer at RideNow Group, Inc..

Action: appointed
Role: Executive Officer

Exact text from the filing

Also, effective August 31, 2021, Mr. Coulter and Mr. Tkach were appointed executive officers of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William Coulter was appointed as Director at RideNow Group, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed William Coulter and Mark Tkach each as a director of the Company effective August 31, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Tkach was appointed as Director at RideNow Group, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed William Coulter and Mark Tkach each as a director of the Company effective August 31, 2021.

View on SEC.gov

RideNow Group, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-21-046757

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