Rumbleon announces final results of rights offering

Irving, texas--(business wire)--rumbleon, inc. (nasdaq: rmbl) (the “company” or “rumbleon”) announced today the final results of its $100.0 million rights offering (the “rights offering”). the subscription period of the rights offering expired at 5:00 p.m. eastern time, on december 5, 2023. the rights offering resulted in subscriptions for approximately 81.1% of the shares offered at an exercise price of $5.50 per share. the shares of class b common stock subscribed for are expected to be issue.
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