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RumbleOn, Inc. Announces Closing of Underwritten Offering of Class B Common StockCHARLOTTE, N.C., Oct. 23, 2017 (GLOBE NEWSWIRE) -- RumbleOn, Inc. (NASDAQ:RMBL) today announced the closing 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 until November 19, 2017. After the underwriting discount and estimated offering fees and expenses payable by the Company, RumbleOn expects net proceeds of approximately $14.5 million Roth Capital Partners and Maxim Group LLC served as joint book-running managers for the offering. Aegis Capital Corp. served as co-manager for the offering. The shares were offered by means of a prospectus, copies of which 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 Cmmission (“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.
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