---
schema_version: "secwatch.filing_event.v1"
accession: "0001596961-23-000074"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T14:53:54.156039+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# RumbleOn closes rights offering raising ~$98.4M net; backstop investors buy unsubscribed shares

## Summary
- Rights offering subscribed for $81.1M (81.1% of $100M); backstop purchase adds $18.9M.
- Net proceeds ~$98.4M; $50M to prepay Oaktree Term Loan; remainder for growth, acquisitions.
- Outstanding shares post-closing ~35,015,190.
- Backstop purchasers: Mark Tkach, William Coulter, Stone House Capital Management.

## SEC filing metadata
- accession: 0001596961-23-000074
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000159696123000074/0001596961-23-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000159696123000074/rmbl-20231206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596961-23-000074
- JSON: https://secwatch.observer/filing/0001596961-23-000074.json
- Plain text: https://secwatch.observer/filing/0001596961-23-000074.txt

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