---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-068608"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:41:58.359011+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# RumbleOn issues 1.21M warrants to Oaktree lenders at $12.00 per share

## Summary
- Warrants for 1,212,121 shares of Class B common stock issued to lenders under Amendment No. 5 to Oaktree credit agreement.
- Exercise price of $12.00 per share; warrants exercisable immediately for cash, later cashless if conditions met.
- Warrants expire on the fifth anniversary of issuance (August 14, 2028).
- Amendment No. 5 eliminated or modified certain financial covenants for specified quarters.

## SEC filing metadata
- accession: 0001213900-23-068608
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000121390023068608/0001213900-23-068608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000121390023068608/ea183838-8k_rumbleon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-068608
- JSON: https://secwatch.observer/filing/0001213900-23-068608.json
- Plain text: https://secwatch.observer/filing/0001213900-23-068608.txt

## Key facts
- Material Agreements
  RideNow Group, Inc. amended Amendment No. 5 with Oaktree Fund Administration, LLC and the lenders party thereto (effective 2023-08-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Oaktree Fund Administration, LLC and the lenders party thereto
  - Effective: 2023-08-09
  source text: on August 9, 2023, the Company, the subsidiary guarantors party thereto, Oaktree Fund Administration, LLC and the lenders party thereto (the “Lenders”) executed Amendment No. 5 (the “Amendment No. 5”) to that certain term loan credit agreement, dated as of August 31, 2021 (as amended, the “Oaktree Credit Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023068608/0001213900-23-068608-index.htm

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