---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-102869"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2024-11-26T23:59:59+00:00"
generated_at: "2026-05-29T17:52:00.140895+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# RumbleOn launches $10M rights offering backstopped by board members at $4.18/share

## Summary
- Company to raise up to $10M via non-transferable subscription rights offering 2,392,344 shares at $4.18 each.
- Rights offering fully backstopped by Stone House Capital and board members Tkach & Coulter; unsubscribed shares bought in private placement.
- Proceeds used for general corporate purposes, including possible repayment of 6.75% convertible notes due Jan 1, 2025, and to satisfy loan amendment.
- Subscription rights expire Dec 12, 2024; no oversubscription privilege; holders of at least 15 shares can participate.
- Insider backstop may indicate limited demand; non-participating stockholders face dilution.

## SEC filing metadata
- accession: 0001213900-24-102869
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2024-11-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000121390024102869/0001213900-24-102869-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000121390024102869/ea0222617-8k_rumble.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-102869
- JSON: https://secwatch.observer/filing/0001213900-24-102869.json
- Plain text: https://secwatch.observer/filing/0001213900-24-102869.txt

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