RideNow Group issues $10M subordinated notes at 13% PIK interest; amends warrants

RideNow Group, Inc.

Issued $10M aggregate subordinated notes to Stone House Capital, Face Canyon, and Mark Tkach.
Notes bear 13% PIK interest, mature Aug 31, 2028, subordinated to senior credit agreement.
Proceeds used to partially fund $20M senior loan prepayment required under Amendment No. 10.
Amended warrants: exercise price lowered to lesser of $11.09 or 1.25x 30-day VWAP; expiration extended to Aug 10, 2030.

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