Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
RideNow Group, Inc. amended credit facility with Oaktree Fund Administration, LLC at SOFR (with a floor of 3.00%), plus an applicable margin of 7.75% per annum or .. maturing extended the maturity date of the Senior Loans from August 31, 2026 to September 30, 2027.
- Instrument
- credit facility
- Counterparty
- Oaktree Fund Administration, LLC
- Rate
- SOFR (with a floor of 3.00%), plus an applicable margin of 7.75% per annum or ..
- Maturity
- extended the maturity date of the Senior Loans from August 31, 2026 to September 30, 2027
- Event
- amendment
Exact text from the filing
On August 10, 2025, the parties to the Credit Agreement executed Amendment No. 10 to the Credit Agreement (“Amendment No. 10”), which, among other things: (i) extended the maturity date of the Senior Loans from August 31, 2026 to September 30, 2027; (ii) requires the Company to prepay $20.0 million of the Senior Loans using the proceeds of the Subordinated Loans and other funds; (iii) reduced the interest rate applicable to the Senior Loans by 0.50% per annum;
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
RideNow Group, Inc. incurred loan of $3,333,334 each, aggregate $10 million with Stone House Capital Management, LLC, Mark Tkach and Bill Coulter at 13.0% per annum maturing thirty-six months after the date of funding.
- Instrument
- loan
- Principal
- $3,333,334 each, aggregate $10 million
- Counterparty
- Stone House Capital Management, LLC, Mark Tkach and Bill Coulter
- Rate
- 13.0% per annum
- Maturity
- thirty-six months after the date of funding
- Event
- incurrence
Exact text from the filing
each Commitment Party has committed to make $3,333,334 of subordinated loans to the Company (collectively, the “Subordinated Loans”).
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
RideNow Group, Inc.: Certificate of Amendment to Articles of Incorporation changing company name to RideNow Group, Inc (effective 2025-08-13).
- Change
- charter amendment
- Effective
- 2025-08-13
Exact text from the filing
On August 11, 2025, to effectuate the Name Change, the Company filed a Certificate of Amendment to the Articles of Incorporation of the Company, as amended (the “Charter Amendment”) with the Secretary of State of the State of Nevada, with an effective date of August 13, 2025.
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
RideNow Group, Inc.: Amendment and restatement of bylaws to reflect the name change to RideNow Group, Inc (effective 2025-08-13).
- Change
- bylaw amendment
- Effective
- 2025-08-13
Exact text from the filing
The Company’s Board of Directors also approved an amendment and restatement of the Company’s Amended and Restated Bylaws, as amended, (the “Second Amended and Restated Bylaws”), effective August 13, 2025, to reflect the Name Change of the Company.
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