---
schema_version: "secwatch.filing_event.v1"
accession: "0001596961-25-000083"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2025-08-28T23:59:59+00:00"
generated_at: "2026-05-17T09:27:44.239113+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001596961-25-000083
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2025-08-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000159696125000083/0001596961-25-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000159696125000083/rmbl-20250825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596961-25-000083
- JSON: https://secwatch.observer/filing/0001596961-25-000083.json
- Plain text: https://secwatch.observer/filing/0001596961-25-000083.txt

## Key facts
- Debt Financings
  RideNow Group, Inc. incurred senior notes of $3,333,334 million of unsecured subordinated loans made by each Subordinated Lender to the Company with Stone House Capital Management, LLC, Face Canyon LLC, and Mark Tkach at 13.0% per annum maturing August 31, 2028.
  - Instrument: senior notes
  - Principal: $3,333,334 million of unsecured subordinated loans made by each Subordinated Lender to the Company
  - Counterparty: Stone House Capital Management, LLC, Face Canyon LLC, and Mark Tkach
  - Rate: 13.0% per annum
  - Maturity: August 31, 2028
  - Event: incurrence
  source text: On August 25, 2025, RideNow Group, Inc. (the “Company”) issued separate unsecured subordinated promissory notes (collectively, the “Subordinated Notes”) payable to each of Stone House Capital Management, LLC, Face Canyon LLC, and Mark Tkach (collectively, the “Subordinated Lenders”) to evidence $3,333,334 million of unsecured subordinated loans made by each Subordinated Lender to the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000159696125000083/0001596961-25-000083-index.htm

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