RumbleOn raises ~$9M net in rights offering; backstop buys 349K unsubscribed shares

RideNow Group, Inc.

2,043,011 shares subscribed at $4.18/share; net proceeds estimated at $9.0M.
Stone House Capital (director-affiliated) to purchase 349,333 unsubscribed shares via backstop; closes Dec 19.
Proceeds for general purposes including possible repayment of 6.75% convertible notes due Jan 2025 and Oaktree obligations.
Expects ~37.7M Class B shares outstanding after completion.

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