---
schema_version: "secwatch.filing_event.v1"
accession: "0001596961-24-000120"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2024-12-13T23:59:59+00:00"
generated_at: "2026-05-29T03:36:38.325552+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001596961-24-000120
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2024-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000120/0001596961-24-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000120/rmbl-20241213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596961-24-000120
- JSON: https://secwatch.observer/filing/0001596961-24-000120.json
- Plain text: https://secwatch.observer/filing/0001596961-24-000120.txt

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