RumbleOn, Inc. Enters Material Definitive Agreement

TL;DR

RumbleOn just signed a big deal, likely involving debt. Details TBD.

AI Summary

On December 6, 2024, RumbleOn, Inc. entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the registrant. The filing does not specify the exact dollar amount or the other parties involved in this agreement.

Why It Matters

This filing indicates RumbleOn, Inc. has entered into a significant financial agreement, which could impact its debt structure and future financial flexibility.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial commitments or changes that warrant attention.

Key Players & Entities

• RumbleOn, Inc. (company) — Registrant
• December 6, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.001 — which registered Class B Common Stock, $0.001 par value RMBL The Nasdaq Stock Market
• $16.0 million — 11, 2024. The Pre-Owned Floor Plan is a $16.0 million committed revolving credit facility mad

Filing Documents

• rmbl-20241206.htm (8-K) — 25KB
• rmbl-20241206_g1.jpg (GRAPHIC) — 59KB
• 0001596961-24-000117.txt ( ) — 282KB
• rmbl-20241206.xsd (EX-101.SCH) — 2KB
• rmbl-20241206_lab.xml (EX-101.LAB) — 22KB
• rmbl-20241206_pre.xml (EX-101.PRE) — 13KB
• rmbl-20241206_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On December 6, 2024, RumbleOn Dealers, Inc., a Delaware corporation ("RumbleOn Dealers"), as borrower, RumbleOn, Inc., a Nevada corporation (the "Company"), as a guarantor, Mark Tkach ("Mr. Tkach") and William Coulter (together with Mr. Tkach, the "Lenders") as lenders, and RideNow Management LLLP, an Arizona limited liability limited partnership, as administrative agent, entered into that certain Floor Plan Financing Agreement (the "Floor Plan Financing Agreement"). The Floor Plan Financing Agreement provides for the Pre-Owned Floor Plan Facility, which was previously described in Item 1.01 of the Company's Form 8-K dated November 11, 2024. The Pre-Owned Floor Plan is a $16.0 million committed revolving credit facility made available by the Lenders to RumbleOn Dealers. Advances under the Floor Plan Financing Agreement may be used by RumbleOn Dealers to enable it to acquire ownership of, or to reimburse it for the acquisition cost of, certain previously owned motorcycles (but excluding scooters), ATVs and UTVs. Borrowings under the Pre-Owned Floor Plan Facility shall bear interest based on term SOFR plus 5.00%. The Pre-Owned Floor Plan Facility will terminate on April 1, 2026, unless extended by agreement of the parties in accordance with the terms of the Floor Plan Financing Agreement. The Pre-Owned Floor Plan Facility is secured by a first priority security interest in the pre-owned powersports vehicle inventory financed thereunder. The Floor Plan Financing Agreement includes customary representations, covenants and events of default for financing transactions of this nature. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure included in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RUMBLEON, INC. Date: December 6, 2024 By: /s/ Tiffany Kice Tiffany Kice Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR