---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-046757"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2021-09-07T23:59:59+00:00"
generated_at: "2026-06-29T05:31:46.327337+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-21-046757
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2021-09-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000121390021046757/0001213900-21-046757-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000121390021046757/ea146879-8k_rumbleoninc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-046757
- JSON: https://secwatch.observer/filing/0001213900-21-046757.json
- Plain text: https://secwatch.observer/filing/0001213900-21-046757.txt

## Key facts
- Executive change
  William Coulter was appointed as Executive Officer at RideNow Group, Inc..
  - Action: appointed
  - Role: Executive Officer
  source text: Also, effective August 31, 2021, Mr. Coulter and Mr. Tkach were appointed executive officers of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390021046757/0001213900-21-046757-index.htm
- Executive change
  Mark Tkach was appointed as Executive Officer at RideNow Group, Inc..
  - Action: appointed
  - Role: Executive Officer
  source text: Also, effective August 31, 2021, Mr. Coulter and Mr. Tkach were appointed executive officers of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390021046757/0001213900-21-046757-index.htm
- Executive change
  William Coulter was appointed as Director at RideNow Group, Inc..
  - Action: appointed
  - Role: Director
  source text: appointed William Coulter and Mark Tkach each as a director of the Company effective August 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390021046757/0001213900-21-046757-index.htm
- Executive change
  Mark Tkach was appointed as Director at RideNow Group, Inc..
  - Action: appointed
  - Role: Director
  source text: appointed William Coulter and Mark Tkach each as a director of the Company effective August 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390021046757/0001213900-21-046757-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.