---
schema_version: "secwatch.filing_event.v1"
accession: "0001596961-24-000101"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:56:19.643324+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001596961-24-000101
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000101/0001596961-24-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000101/rmbl-20241111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596961-24-000101
- JSON: https://secwatch.observer/filing/0001596961-24-000101.json
- Plain text: https://secwatch.observer/filing/0001596961-24-000101.txt

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