RumbleOn announces $10M backstopped rights offering, $16M floor plan, $4M sale-leaseback, and loan amendment

RideNow Group, Inc.

Rights offering for $10M of Class B common stock at 20% discount to VWAP, backstopped by Stone House Capital Management.
Pre-owned floor plan facility of $16M committed availability at SOFR + 5.00% to finance used powersports inventory.
Sale-leaseback of Daytona, FL property for $4M with 10-year triple-net lease at $25,666/month base rent, escalating 2% annually.
Amendment No. 9 to term loan eases leverage ratios through June 2026; interest set at SOFR+8.25% or base+7.25%.
Rights offering launch by Dec 1, floor plan close by Dec 1, and sale-leaseback close by Dec 31, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.