RumbleOn (RMBL) Announces Planned $100M Fully Backstopped Rights Offering
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RumbleOn Announces Planned $100 Million Fully Backstopped Rights Offering
August 9, 2023 6:45 AM EDTIRVING, Texas--(BUSINESS WIRE)-- RumbleOn, Inc. (NASDAQ: RMBL) (the Company or RumbleOn), the nations first and largest publicly traded powersports platform, today announced that it plans to make a $100 million rights offering to holders of the companys Class A common stock and Class B common stock (and certain holders of warrants issued by the Company entitled to receive the same).
Pursuant to the terms of the fully backstopped rights offering, the Company intends to issue, for no consideration, subscription rights that will entitle eligible holders as of the applicable record date to... More
