---
schema_version: "secwatch.filing_event.v1"
accession: "0001596961-24-000130"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:40:32.886257+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# RumbleOn closes $10M rights offering, 85% subscribed; insider backstop buys 349K shares

## Summary
- Net proceeds ~$9M; to repay 6.75% convertible notes due Jan 2025 and satisfy Oaktree credit agreement obligations.
- Subscriptions for 2,043,011 shares at $4.18/share (85% of offering); unsubscribed 349,333 shares bought by Stone House.
- After completion, Stone House holds 18.76%, Tkach 18.14%, Coulter 17.90% of Class B common stock.
- Total shares outstanding ~37,713,298 following the Rights Offering and Backstop Private Placement.

## SEC filing metadata
- accession: 0001596961-24-000130
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000130/0001596961-24-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000130/rmbl-20241219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596961-24-000130
- JSON: https://secwatch.observer/filing/0001596961-24-000130.json
- Plain text: https://secwatch.observer/filing/0001596961-24-000130.txt

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