Business Context and Reporting Period
This Form 8-K was filed by RumbleOn, Inc. (formerly Ridenow Group, Inc.) on May 14, 2020. The report addresses the ongoing disruption to the Company's operations caused by the COVID-19 pandemic, as previously disclosed in filings from March 30, 2020, and April 15, 2020.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document serves as a notification of a filing delay rather than a financial results report.
Material Changes and Filing Status
- Delayed 10-Q Filing: Management is unable to timely review and prepare the Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, due to pandemic-related disruptions.
- Extension Utilized: The Company is invoking the SEC Order issued on March 25, 2020, which allows for a delay of up to 45 days for certain filings.
- New Deadline: The Company expects to file the delayed Quarterly Report no later than June 29, 2020. Filing by this date will be deemed timely by the SEC.
Outlook, Risks, and Management Commentary
Management highlights that the unprecedented conditions of the COVID-19 pandemic continue to impact the Company's business, customers, employees, and regional partners. The filing includes standard forward-looking statement disclaimers, cautioning that actual results may differ materially from expectations due to these risks. The Company explicitly notes it undertakes no obligation to update forward-looking statements except as required by law.
Investor Verification Checklist
- Verify the actual filing date of the Form 10-Q for the quarter ended March 31, 2020, to ensure it was submitted by the June 29, 2020 deadline.
- Review the March 30, 2020, and April 15, 2020, Form 8-K filings for detailed risk factors regarding the pandemic's impact.
- Monitor subsequent filings for any updates on the severity of operational disruptions or changes to the Company's liquidity position.