{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-071302","form_type":"8-K","ticker":"RDNW","cik":"0001596961","company_name":"RideNow Group, Inc.","filed_at":"2023-08-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.485729+00:00","generated_at":"2026-06-11T02:52:35.342961+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"RumbleOn signs $56.9M sale-leaseback on 9 properties; proceeds to reduce debt","bullets":["Aggregate purchase price $56,858,693 from NNN REIT for 9 properties across multiple states.","Expected net cash proceeds ~$55 million after taxes/fees; company will use proceeds to reduce debt.","15-year triple net leases with five 5-year renewal options; base rent $4.26M/yr with CPI cap at 2%.","Buyer has inspection periods and may terminate for any property for any reason; closings within 10 days after inspections.","RumbleOn subsidiaries will lease back properties; RumbleOn guarantees all tenant obligations under the leases."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-071302","json":"https://secwatch.observer/filing/0001213900-23-071302.json","markdown":"https://secwatch.observer/filing/0001213900-23-071302.md","text":"https://secwatch.observer/filing/0001213900-23-071302.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1596961/000121390023071302/0001213900-23-071302-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1596961/000121390023071302/ea184330-8k_rumbleon.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T02:52:35.342961+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"17ff62a8e7116c39b2a5da7740a639c50d1b10f0","claim":"RideNow Group, Inc. entered into Real Estate Purchase and Sale Contract with NNN REIT, LP valued at $56,858,693 (effective 2023-08-22).","evidence_excerpt":"On August 22, 2023, RumbleOn, Inc. (the “Company”) entered into a Real Estate Purchase and Sale Contract (the “Purchase Agreement”), with NNN REIT, LP (“NNN REIT”), providing for the sale by the Company, as seller, and the purchase by NNN REIT, as buyer, of nine separate properties (each, a “Property” and collectively, the “Properties”) in exchange for an aggregate purchase price of $56,858,693.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1596961/000121390023071302/0001213900-23-071302-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"NNN REIT, LP"},{"label":"Value","value":"$56,858,693"},{"label":"Effective","value":"2023-08-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}