Blueprint
Exhibit 99.1
RumbleOn, Inc. Announces Pricing of Public Offering
of its Class B Common Stock
Dallas, Texas, February 7, 2019 – RumbleOn, Inc. (NASDAQ:
RMBL) (the
“Company”), an innovative
e-commerce company whose mission is to simplify how dealers and
customers buy, sell, trade, or finance pre-owned vehicles through
one online location, today
announced the pricing of its previously announced underwritten
public offering. The Company is offering 1,110,000 shares of its
Class B Common Stock, par value $0.001 per share, at a price to the
public of $5.55 per share. In connection with the offering, the
Company has also granted the underwriters a 30-day option to
purchase up to an additional 166,500 shares of Class B Common Stock
offered in the public offering to cover over-allotments, if
any.
National Securities Corporation, a wholly owned subsidiary of
National Holdings Corporation (NasdaqCM:NHLD), is acting as lead
book-running manager for the offering. Craig-Hallum Capital Group
LLC is acting as joint book-running manager for the
offering.
RumbleOn intends to use the net proceeds from the offering for
working capital and general corporate purposes, which may include
purchases of additional inventory held for sale, increased spending
on marketing and advertising and capital expenditures necessary to
grow the business.
The offering is expected to close on February 11, 2019, subject to
customary closing conditions.
A shelf registration statement relating to the shares of Class B
Common Stock being offered was filed with the U.S. Securities and
Exchange Commission (SEC) on Form S-3 (Reg. No. 333-225217) and was
declared effective by the SEC on June 6, 2018. Any offer will be
made only by means of a prospectus supplement and accompanying base
prospectus forming a part of the effective registration statement.
Copies of the preliminary prospectus supplement and the
accompanying base prospectus relating to the offering may be
obtained by request to the offices of National Securities
Corporation, Attn: Marguerite Rogers, Sr. Vice President, 200 Vesey
St, 25th Floor, New York, NY 10281, Telephone:
(212)-417-8227; Email: prospectusrequest@nationalsecurities.com;
or on the SEC’s website at http://www.sec.gov.
A final prospectus supplement describing the terms of the offering
will be filed with the SEC. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale is not
permitted.
About RumbleOn, Inc.
RumbleOn (NASDAQ: RMBL) is an innovative e-commerce company whose
mission is to simplify how dealers and customers buy, sell, trade,
or finance pre-owned vehicles through one online location.
Leveraging its capital-light network of 16 regional partnerships
and innovative technological solutions, RumbleOn is disrupting the
old-school pre-owned vehicle supply chain by providing users with
the most efficient, timely and transparent transaction experience.
For additional information, please visit RumbleOn’s website
at www.RumbleOn.com. Also
visit the Company on Facebook, LinkedIn, Twitter, Instagram,
YouTube and Pinterest.
Cautionary Note on Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the Private Securities
Litigation Reform Act of 1995 regarding the proposed offering and
the intended use of proceeds from the offering. The offering is
subject to market and other conditions, and there can be no
assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which are based on our expectations as of the date of
this press release and speak only as of the date of this press
release and are advised to consider the factors listed above
together with the additional factors under the heading
“Forward-Looking Statements” and “Risk
Factors” in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2017, as may be supplemented or
amended by the Company’s Quarterly Reports on Form 10-Q and
other filings with the SEC, including the preliminary prospectus
supplement. We undertake no obligation to publicly update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
law.
Investor Relations:
The Blueshirt Group:
Whitney Kukulka
Investors@rumbleon.com
Source: RumbleOn, Inc.