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 16,
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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(469) 250-1185
(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
16, 2020, RumbleOn, Inc. issued a press release announcing a
dealer-centric pilot program with CarGurus. 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
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Exhibit No.
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Exhibit
Description
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RumbleOn,
Inc. Press Release dated July 16, 2020
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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 20, 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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RumbleOn Announces a Dealer-Centric Pilot Program with
CarGurus
DALLAS–
RumbleOn, Inc (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 it was
chosen for a pilot program with CarGurus (Nasdaq: CARG), a leading
global online automotive marketplace. CarGurus will leverage
RumbleOn’s technology as well as their transportation and
distribution services in the testing of a new inventory acquisition
product for dealers that enables dealers to source consumer cars on
the CarGurus platform.
RumbleOn
CEO Marshall Chesrown commented, “Our proprietary technology
suite has underpinned our offering since day one. We have strong
relationships with dealers and our agnostic business model has
propelled our rapid expansion in both Powersports and Automotive.
We are proud that CarGurus has selected RumbleOn for this pilot,
and we are excited to help support their new and innovative
solutions for dealers around the world.”
“This
program not only validates the strength of our technology, but it
demonstrates the agility of our business model. We believe there
are boundless opportunities ahead of us and this is yet another
example of how we are executing on our disruptive strategy,”
concluded Chesrown.
“We are excited to work with RumbleOn as we continue to build
an innovative inventory acquisition solution for our
dealers,” said Ryan Russell, Head of Strategic Partnerships
for CarGurus Labs. “As with all of our product development,
our ability to rapidly test and learn is critical. RumbleOn’s
technology and dealer-centric processes will allow us to execute
this pilot with speed and flexibility so that we can evolve our
product and deliver a best-in-class solution for
dealers.”
The
latest phase of CarGurus’ inventory acquisition product pilot
launched in July in Massachusetts.
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 users with the most efficient, timely and transparent
transaction experience. For more information, please visit
http://www.rumbleon.com.
About CarGurus
Founded in 2006, CarGurus (Nasdaq:
CARG) is a global, online automotive marketplace connecting buyers
and sellers of new and used cars. The Company uses proprietary
technology, search algorithms and data analytics to bring trust and
transparency to the automotive search experience and help users
find great deals from top-rated dealers. CarGurus is the
most visited automotive shopping site in
the U.S. (source: Comscore Media
Metrix® Multi-Platform,
Automotive – Information/Resources, Total Audience, Q1
2020, U.S. (Competitive set includes:
CarGurus.com,
Autotrader.com,
Cars.com,
TrueCar.com)). In
addition to the United States, CarGurus operates
online marketplaces under the CarGurus brand
in Canada and the United Kingdom. In the United
States and the United Kingdom, CarGurus also
operates the Autolist and PistonHeads online marketplaces,
respectively, as independent brands. To learn more
about CarGurus, visit www.cargurus.com. CarGurus® is
a registered trademark of CarGurus, Inc.
Cautionary Note Regarding Forward Looking Statements about
RumbleOn
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.
Important Information Regarding Forward-Looking Statements About
CarGurus
The
information in this release about CarGurus contains forward-looking
statements regarding future events that involve risks and
uncertainties, and CarGurus’ actual results may differ
materially from those contemplated by such forward-looking
statements. For further information regarding risks and
uncertainties associated with CarGurus’ business, please
refer to the "Risk Factors" section of CarGurus’ most recent
annual or quarterly report filed with the SEC. Any forward-looking
statements represent CarGurus’ beliefs and assumptions only
as of the date of this release. While CarGurus may elect to update
forward-looking statements at some point, CarGurus specifically
disclaims any obligation to do so.
RumbleOn
Contact:
Dylan
Solomon, The Blueshirt Group
investors@rumbleon.com
Source:
RumbleOn, Inc