RideNow Group, Inc 8-K, filed Jul 21, 2020
RideNow Group, Inc. (RDNW)
8-K
2020-07-21
For: 2020-07-20
View Original
Added on
April 12, 2026
About this 8-K
RideNow Group, Inc filed this 8-K on July 21, 2020, reporting on events of July 20, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT
REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 20,
2020
RumbleOn, Inc.
(Exact name of registrant as specified in its charter)
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Nevada
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001-38248
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46-3951329
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(State
or Other Jurisdiction of
Incorporation)
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(Commission File Number)
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(I.R.S.
Employer
Identification
No.)
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901
W. Walnut Hill Lane
Irving, Texas
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75038
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(Address of Principal Executive
Offices)
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(Zip
Code)
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(214) 771-9952
(Registrant’s Telephone Number, Including Area
Code)
(Former Name or Former Address, If Changed Since Last
Report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2
(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4 (c))
Securities
registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name
of each exchange on which registered
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Class B
Common Stock, $0.001 par value
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RMBL
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The
Nasdaq Stock Market LLC
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
Emerging
growth company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On July
20, 2020, RumbleOn, Inc. issued a press release announcing the
launch of the third generation of RumbleOn.com – RumbleOn.com
3.0. A copy of the press release is attached as Exhibit 99.1 and
incorporated herein by reference.
Item 9.01.
Financial
Statements and Exhibits.
(d) Exhibits
Exhibit
No.
Exhibit
Description
RumbleOn, Inc. Press Release dated July 20,
2020
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.
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RUMBLEON, INC.
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Date:
July 21, 2020
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By:
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/s/
Steve R. Berrard
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Steven
R. Berrard
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Chief
Financial Officer
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Exhibit 99.1
RumbleOn to Bring Online Capabilities to Powersport Dealers Across
the Nation
Announces Upcoming Launch of the Third Generation of RumbleOn.com -
RumbleOn.com 3.0
DALLAS
– RumbleOn (NASDAQ: RMBL), the e-commerce company using
innovative technology to simplify how dealers and consumers buy,
sell, trade or finance pre-owned vehicles, today announced the
upcoming launch of RumbleOn.com 3.0, expected in early
August.
RumbleOn.com
3.0 will allow dealers to list both new and used powersports on
RumbleOn’s consumer website and leverage RumbleOn’s
technology such as cash offers, RumbleOn Finance and an enhanced
Dealer Direct platform which will offer B2B wholesale transactions
in addition to virtual inventory. Providing online capabilities to
brick and mortar dealers across the country will enable
participating dealers to operate online using RumbleOn’s
feature-rich technology and address the growing demand for
online-only transactions.
“We
are launching a comprehensive enhancement to our technology
solution, RumbleOn.com 3.0, which will enable powersport dealers to
compete in an increasingly online marketplace. We are giving them
access to technology and digital tools currently unavailable to
most dealers, thus eliminating geographic boundaries and making
them more competitive online. The traction we are seeing from the
early days of signing up dealers is evidence that they are ready to
embrace the new features and enhanced capabilities 3.0 has to
offer,” said RumbleOn’s Chief Executive Officer
Marshall Chesrown. “Our enhanced platform, with hundreds of
dealers and the robust aggregation of thousands of vehicles on
RumbleOn.com, will simplify and improve the desired customer
experience like never before.”
“Our
agnostic model, sophisticated technology and proven processes leave
us uniquely positioned to support dealers, no matter how big or
small, for all their sales needs, while creating more opportunities
to monetize our technology,” concluded Chesrown.
About RumbleOn
RumbleOn
(NASDAQ: RMBL) is an e-commerce company that uses innovative
technology to simplify how dealers and customers buy, sell, trade,
or finance pre-owned vehicles through RumbleOn’s 100% online
marketplace. Leveraging its capital-light network of regional
partnerships and innovative technological solutions, RumbleOn is
disrupting the old-school pre-owned vehicle supply chain by
providing dealers with technology solutions and consumers with an
efficient, timely and transparent transaction experience. For more
information, please visit http://www.rumbleon.com.
Cautionary Note Regarding Forward Looking Statements
This
press release may contain “forward-looking statements”
as that term is defined under the Private Securities Litigation
Reform Act of 1995 (PSLRA), which statements may be identified by
words such as “expects,” “projects,”
“will,” “may,” “anticipates,”
“believes,” “should,”
“intends,” “estimates,” and other words of
similar meaning. Readers are cautioned not to place undue reliance
on these forward-looking statements, which are based on
RumbleOn’s expectations as of the date of this report and
speak only as of the date of this report and are advised to
consider the factors listed under the heading
“Forward-Looking Statements” and “Risk
Factors” in RumbleOn’s SEC filings, as may be updated
and amended from time to time. RumbleOn undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except
as required by law.
Investor
Relations:
The
Blueshirt Group
Dylan
Solomon
investors@rumbleon.com
Source:
RumbleOn, Inc