---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-065854"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T14:31:12.626347+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RumbleOn announces $100M rights offering backstopped by existing holders to repay debt

## Summary
- Rights offering of $100M in Class B common stock to holders of Class A, Class B, and certain warrants.
- Backstop purchasers Tkach, Coulter, Stone House commit to buy unsubscribed shares; no fee.
- Subscription price capped at $6.15 per share; final terms and record date not yet set.
- Net proceeds to repay debt under amended credit facility and fund growth/possible acquisitions.
- Rights offering expected to close Q4 2023 after SEC registration effective.

## SEC filing metadata
- accession: 0001213900-23-065854
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000121390023065854/0001213900-23-065854-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000121390023065854/ea183324-8k_rumbleon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-065854
- JSON: https://secwatch.observer/filing/0001213900-23-065854.json
- Plain text: https://secwatch.observer/filing/0001213900-23-065854.txt

## Key facts
- Material Agreements
  RideNow Group, Inc. entered into Standby Purchase Agreement with Mark Tkach, William Coulter and Stone House Capital Management, LLC (effective 2023-08-08).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Mark Tkach, William Coulter and Stone House Capital Management, LLC
  - Effective: 2023-08-08
  source text: On August 8, 2023 (the “Effective Date”), RumbleOn, Inc., a Nevada corporation (the “Company” or “RumbleOn”), entered into a Standby Purchase Agreement (the “Purchase Agreement”) with Mark Tkach (“Tkach”), William Coulter (“Coulter”) and Stone House Capital Management, LLC, a Delaware limited liability company (“Stone House” and, collectively with Tkach and Coulter, the “Standby Purchasers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023065854/0001213900-23-065854-index.htm

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