{"schema_version":"secwatch.filing_event.v1","accession":"0001596961-24-000002","form_type":"8-K","ticker":"RDNW","cik":"0001596961","company_name":"RideNow Group, Inc.","filed_at":"2024-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.752248+00:00","generated_at":"2026-06-07T03:57:52.271506+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"RumbleOn sells $17M finance receivable portfolio; uses net proceeds to reduce Oaktree debt","bullets":["Sold portfolio of retail installment sales contracts and vehicle loans to Clear Haven 2021 Trust for aggregate $17 million.","Net cash proceeds of approximately $3 million after satisfying secured indebtedness, expenses, commissions, and fees.","Proceeds plus available cash collections and formerly restricted cash used to reduce outstanding debt under Oaktree Term Loan Credit Agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001596961-24-000002","json":"https://secwatch.observer/filing/0001596961-24-000002.json","markdown":"https://secwatch.observer/filing/0001596961-24-000002.md","text":"https://secwatch.observer/filing/0001596961-24-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1596961/000159696124000002/0001596961-24-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1596961/000159696124000002/rmbl-20231229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T03:57:52.271506+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2c271aca648ad4576e4407c6925bb3a15da3ae61","claim":"RideNow Group, Inc. entered into Purchase Agreement with Clear Haven 2021 Trust valued at aggregate purchase price of $17.0 million (effective 2023-12-29).","evidence_excerpt":"On December 29, 2023, RumbleOn, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) by and among the Company, its subsidiaries RumbleOn Finance, LLC and ROF SPV I, LLC (together, the “Subsidiaries”) and Clear Haven 2021 Trust, a Delaware statutory trust (“Buyer”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1596961/000159696124000002/0001596961-24-000002-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Clear Haven 2021 Trust"},{"label":"Value","value":"aggregate purchase price of $17.0 million"},{"label":"Effective","value":"2023-12-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}