---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-082209"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:37:48.711612+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RumbleOn sets Nov 13 record date for fully-backstopped $100M rights offering; proceeds to repay debt

## Summary
- Record date of Nov 13, 2023 for $100M rights offering to holders of Class A and B common stock.
- Subscription period expected Nov 13–28, 2023; subscription price not yet determined.
- Rights offering fully backstopped by Mark Tkach, William Coulter, and Stone House Capital Management.
- Proceeds: $50M to prepay Oaktree term loan; remainder for growth and acquisitions.
- Backstop purchasers commit to buy all unsubscribed shares via private placement, closing by Dec 1, 2023.

## SEC filing metadata
- accession: 0001213900-23-082209
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000121390023082209/0001213900-23-082209-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000121390023082209/ea187623-8k_rumbleon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-082209
- JSON: https://secwatch.observer/filing/0001213900-23-082209.json
- Plain text: https://secwatch.observer/filing/0001213900-23-082209.txt

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