RumbleOn sets subscription price of $5.50 per share for $100M rights offering

RideNow Group, Inc.

Subscription price of $5.50 per share for previously announced $100 million rights offering.
Non-transferable rights distributed to holders of Class A and Class B common stock as of Nov 13, 2023.
Each right entitles purchase of 1.078444 shares of Class B common stock; period Nov 13-28, 2023.
Rights offering fully backstopped via standby purchase agreement with certain stockholders.
Registration statement filed but not yet effective; offering subject to SEC effectiveness.

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