For more information please contact:
Equity Capital Markets
Head of Equity
Senior Vice President
Senior Vice President
RumbleOn, Inc. (NASDAQ:RMBL) has completed an underwritten public offering of 2,910,000 shares of its Class B common stock at a price of $5.50 per share, resulting in the gross proceeds for RumbleOn, Inc. of approximately $16 million. RumbleOn, Inc. has also granted the underwriters a 30-day option to purchase up to 436,500 additional shares of Class B common stock.
Additionally, RumbleOn’s Class B common stock has been approved for listing on The NASDAQ Capital Market (“NASDAQ”) and shares began trading on NASDAQ on Thursday, October 19, 2017, under the Company’s current symbol “RMBL”.
ROTH Capital Partners acted as Joint Book-Running Manager for the offering.
About RumbleOn, Inc.
RumbleOn operates a capital light disruptive e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned motorcycle and other power sport and recreation vehicles in one online location. RumbleOn’s goal is to transform the way motorcycles and other power sport and recreation vehicles are bought and sold by providing users with the most efficient, timely and transparent transaction experience. RumbleOn’s initial focus is the market for 601cc and larger on-road motorcycles, particularly those concentrated in the “Harley-Davidson” brand. Serving both consumers and dealers, through its online platform, RumbleOn makes cash offers for the purchase of their vehicles and intends to provide them the flexibility to trade, list, or auction their vehicle through RumbleOn’s website and mobile applications. In addition, RumbleOn offers a large inventory of used vehicles for sale along with third-party financing and associated products. For additional information, please visit RumbleOn’s website at
(Source: Company Press Release | 10/19/17)
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven
investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, ROTH provides
capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in
Newport Beach, CA, ROTH is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on ROTH,
material, information and facts discussed in this announcement
other than the information regarding ROTH Capital Partners, LLC
("ROTH") and its affiliates, are from sources believed to be
reliable, but are in no way guaranteed to be complete or accurate.
This announcement should not be used as a complete analysis of any
companies, securities or topics discussed herein. Additional
information is available upon request. This is not, however, an
offer or solicitation of the securities discussed. Any opinions or
estimates in this announcement are subject to change without notice.
An investment in any security based on this announcement may involve
risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Additionally, such
investments may involve a high degree of risk and may not be
suitable for all investors. No part of this announcement may be
reproduced in any form without the express written permission of
ROTH. Copyright 2017.