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RumbleOn Prices Underwritten Offering of Class B Common StockCHARLOTTE, N.C., Oct. 19, 2017 (GLOBE NEWSWIRE) -- RumbleOn, Inc. (the “Company” or “RumbleOn”) (NASDAQ:RMBL) today announced the pricing of an underwritten public offering of 2,910,000 shares of its Class B common stock at a price of $5.50 per share. The Company has also granted the underwriters a 30-day option to purchase up to 436,500 additional shares of Class B common stock. After the underwriting discount and estimated offering fees and expenses payable by the Company, RumbleOn expects to receive net proceeds of approximately $14.5 million, assuming no exercise of the overallotment option. The offering is expected to close on October 23, 2017, subject to the satisfaction of customary closing conditions. Additionally, RumbleOn’s Class B common stock has been approved for listing on The NASDAQ Capital Market (“NASDAQ”) and the Company’s shares will begin trading on NASDAQ at the opening of trading on Thursday, October 19, 2017, under the Company’s current symbol “RMBL.” Roth Capital Partners and Maxim Group LLC are acting as joint book-running managers for the offering. Aegis Capital Corp. is acting as co-manager for the offering. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained from Roth Capital Partners, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, or by telephone at (800) 678-9147; from Maxim Group, Attn: Eileen Citarrella, 405 Lexington Avenue, 2nd Floor, New York, NY 10174 or by telephone at (212) 895-3745, or by email at [email protected]; or by accessing the SEC’s website, www.sec.gov. A Registration Statement on Form S-1 (as amended, the “Registration Statement”) relating to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission (“SEC”). Copies of the Registration Statement can be accessed through the SEC’s website at www.sec.gov. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction. About RumbleOn Forward-Looking Statements Contact Source: RumbleOn, Inc. |