Ridenow Group, Inc. current report, 10 January 2020

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RumbleOn, Inc. Form 8-K Summary

Business Context and Reporting Period

This Current Report on Form 8-K was filed by RumbleOn, Inc. (Nasdaq: RMBL) on January 10, 2020. The registrant is an emerging growth company incorporated in Nevada with principal executive offices in Irving, Texas. The report addresses a material event occurring on the filing date regarding capital raising activities.

Key Financial Metrics

The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the announcement of a financing event rather than reporting operational financial results.

Material Changes and Events

  • Capital Raise Announcement: On January 10, 2020, the Company announced the pricing of an underwritten public offering of its Class B Common Stock.
  • Private Placement: Concurrent with the public offering, the Company announced a private placement of notes.
  • Closing Date: The offerings were expected to close on January 14, 2020, subject to customary closing conditions.

Guidance, Outlook, and Risks

The filing contains forward-looking statements regarding the completion of the offerings. Management cautioned that the offerings are subject to market and other conditions, and there is no assurance as to whether or when they may be completed, or regarding the actual size or terms. Investors are directed to the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2018, for additional risk disclosures. The Company undertakes no obligation to update these forward-looking statements.

Investor Verification Checklist

  • Verify the final closing of the public offering and private placement of notes scheduled for January 14, 2020.
  • Confirm the final pricing terms and total capital raised from the Class B Common Stock offering.
  • Review the attached Press Release (Exhibit 99.1) for specific details on the note terms and use of proceeds.
  • Check subsequent filings for confirmation of the actual closing date and any changes to the offering size.