---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-089636"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2023-11-22T23:59:59+00:00"
generated_at: "2026-06-07T22:13:52.447864+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# RumbleOn extends $100M rights offering to Dec 5; backstop agreement to Dec 8

## Summary
- Rights offering subscription period extended to 5:00 p.m. ET on December 5, 2023.
- Standby Purchase Agreement outside date extended from Dec 1 to Dec 8, 2023.
- Subscription price $5.50/share; each right entitles purchase of 1.078444 shares of Class B common stock.
- Backstop commitment of up to $100M from Mark Tkach, William Coulter, and Stone House Capital Management.

## SEC filing metadata
- accession: 0001213900-23-089636
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2023-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000121390023089636/0001213900-23-089636-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000121390023089636/ea188899-8k_rumbleon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-089636
- JSON: https://secwatch.observer/filing/0001213900-23-089636.json
- Plain text: https://secwatch.observer/filing/0001213900-23-089636.txt

## Key facts
- Material Agreements
  RideNow Group, Inc. amended Amendment No. 1 to the Standby Purchase Agreement with Mark Tkach, William Coulter and Stone House Capital Management, LLC (effective 2023-11-20).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Mark Tkach, William Coulter and Stone House Capital Management, LLC
  - Effective: 2023-11-20
  source text: On November 20, 2023, the Company and the Standby Purchasers entered into Amendment No. 1 to the Standby Purchase Agreement (“Amendment No. 1”), pursuant to which the parties agreed to extend the outside date by which the Standby Purchasers may terminate the agreement if the Rights Offering has not been consummated, from December 1, 2023 to December 8, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000121390023089636/0001213900-23-089636-index.htm

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