RumbleOn, Inc. Files 8-K with Corporate Updates

TL;DR

RumbleOn (RMBL) filed an 8-K on 12/13/24 with corporate info & financials.

AI Summary

RumbleOn, Inc. filed an 8-K on December 13, 2024, to report other events and financial statements. The filing details the company's corporate structure and its status as a Nevada corporation, previously known as Smart Server, Inc. It also provides contact information for its principal executive offices in Irving, Texas.

Why It Matters

This filing provides essential corporate information and updates for RumbleOn, Inc., which is important for investors and stakeholders to understand the company's structure and reporting status.

Risk Assessment

Risk Level: low — This filing is primarily informational, detailing corporate structure and past name changes, with no immediate financial or operational risks indicated.

Key Numbers

• 001-38248 — SEC File Number (Identifies the company's filing with the SEC.)
• 46-3951329 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• RumbleOn, Inc. (company) — Registrant
• Smart Server, Inc (company) — Former company name
• Nevada (jurisdiction) — State of incorporation
• Irving, Texas (location) — Principal executive offices location
• December 13, 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
• $10.0 million — ary results of its previously announced $10.0 million rights offering (the "Rights Offering")
• $4.18 — s of Class B common stock at a price of $4.18 per share (the "Subscription Price"). T
• $9.0 million — p Private Placement to be approximately $9.0 million. The results of the Rights Offering a

Filing Documents

• rmbl-20241213.htm (8-K) — 28KB
• ex991pressrelease-closeofr.htm (EX-99.1) — 15KB
• a2020_rumblexonxwordmarkxr.jpg (GRAPHIC) — 59KB
• rmbl-20241213_g1.jpg (GRAPHIC) — 59KB
• 0001596961-24-000120.txt ( ) — 385KB
• rmbl-20241213.xsd (EX-101.SCH) — 2KB
• rmbl-20241213_lab.xml (EX-101.LAB) — 22KB
• rmbl-20241213_pre.xml (EX-101.PRE) — 13KB
• rmbl-20241213_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. Preliminary Results of Rights Offering On December 13, 2024, the Company issued a press release announcing the preliminary results of its previously announced $10.0 million rights offering (the "Rights Offering"). The subscription period for the Rights Offering expired at 5:00 p.m. Eastern Time, on December 12, 2024. The Rights Offering resulted in subscriptions to purchase 2,043,011 shares of Class B common stock at a price of $4.18 per share (the "Subscription Price"). The shares of Class B common stock subscribed for are expected to be issued to participating stockholders on or about December 17, 2024. As previously disclosed, pursuant to the Support and Standby Purchase Agreement, dated November 26, 2024, Stone House Capital Management, LLC, which is a holder of Class B common stock, and is managed by Mark Cohen, a member of the board of directors (the "Board") of the Company (together with its affiliates, the "Standby Purchaser"), agreed to purchase from the Company in a private placement (the "Backstop Private Placement") any shares of Class B common stock included in the Rights Offering that are not subscribed for and purchased by holders of the Class A common stock, par value $0.001 per share (the "Class A common stock", together with the Class B common stock, the "common stock") or holders of the Class B common stock (together, "Eligible Stockholders"), in each case as of the close of business on November 25, 2024, for the same per share Subscription Price payable by the Eligible Stockholders electing to exercise their subscription rights in the Rights Offering. Because the Rights Offering was not fully subscribed, based on the preliminary results, the Standby Purchaser is expected to purchase 349,333 shares of Class B common stock at the Subscription Price in the Backstop Private Placement. The Backstop Private Placement is expected to close on December 19, 2024. The Company estimates the net proceeds of the Rights Offeri

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Description 99.1 Press Release dated December 13 , 2024 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 13, 2024 By: /s/ Brandy L. Treadway Brandy L. Treadway Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR