RumbleOn sets record date for $10M rights offering; backstop by Stone House Capital

RideNow Group, Inc.

Record date fixed as Nov 25, 2024 for proposed $10.0M rights offering to holders of Class A and Class B common stock.
Subscription rights distributed pro rata; one right per share; price set as 20% discount to 30-day or 10-day VWAP.
Stone House Capital Management will serve as backstop investor, agreeing to purchase unsubscribed shares.
Supporting investors Mark Tkach and William Coulter will exercise their pro rata subscription rights.
Rights offering to be made under effective shelf registration; final terms to be announced before commencement.

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.