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): August 24,
2020
RumbleOn, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or Other Jurisdiction
of Incorporation)
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001-38248
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46-3951329
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(Commission
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(I.R.S.
Employer
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File Number)
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Identification
No.)
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901 W. Walnut Hill Lane
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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
August 24, 2020, RumbleOn, Inc. issued a press release announcing
the launch of RumbleOn.com 3.0 with over 18,000 Powersport Vehicles
Available. 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
Exhibit
No.
Exhibit
Description
RumbleOn,
Inc. Press Release dated August 24, 2020
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:
August 24, 2020
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By:
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/s/
Steven R. Berrard
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Steven
R. Berrard
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Chief
Financial Officer
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Exhibit 99.1
RumbleOn Launches 3.0 with over 18,000 Powersport Vehicles
Available
Increases Listings on RumbleOn.com by More Than 25x
Over 130 Powersports Locations Across 33 States Participating in
the launch
DALLAS-
RumbleOn, Inc (NASDAQ: RMBL), an e-commerce company using
innovative technology to aggregate and distribute pre-owned
vehicles to and from both consumers and dealers, announced that it
launched the newest generation of RumbleOn, RumbleOn.com 3.0,
bringing over 18,000 powersport vehicles to consumers
nationwide.
Across
the country franchise and independent dealerships are looking to
RumbleOn.com 3.0 to significantly improve and accelerate their
online presence. At the time of the launch there are over 130
powersports locations across 33 states participating.
“The
newest generation of RumbleOn is well on its way to being a great
success and we are truly excited by the prospects for the future.
We are driving quality leads to participating dealers and enhancing
the online experience for consumers and dealers alike,” said
Marshall Chesrown, Chief Executive Officer. “We have already
seen tremendous adoption of this new way for powersports dealers to
transact online. The launch of RumbleOn 3.0 has increased overall
listings on RumbleOn.com by more than 2,500% and we continue to add
listings as we register new dealers who are looking to RumbleOn to
drive sales volume. We view this launch as a catalyst for
engagement on RumbleOn, enabling us to participate in more
transactions across the powersport industry,” concluded
Chesrown
“All
retailers are looking for new ways to reach customers, and dealers
need access to tools and technology to stay competitive in the
‘new normal’ of online transactions. RumbleOn uses it's
vast Powersports e-commerce experience and data intelligence to
optimize the buyer's journey with hyper-personalization driven by
data and machine learning. Dealers around the country are choosing
RumbleOn’s technology solutions to lead their transformation
to transact digitally. Further, we are excited to have the RideNow
Powersports group join the launch. A highly successful and
innovative organization representing 46 dealerships across the
nation is certainly validation of the platform that RumbleOn has
built. We are clearly an incremental sales volume opportunity for
every dealer large or small, regardless of their geographic
location,” said RumbleOn’s Chief Operating Officer
Peter Levy.
“We
are excited to be part of this game changing launch and look
forward to working with the entire RumbleOn team to expand our
online capabilities and visibility worldwide. We look forward to
listing our entire catalogue of new and used inventory with
RumbleOn.com and the incremental leads, potential sales volume and
advanced capabilities their site will bring,” said Mark
Tkach, CEO of RideNow Powersports.
About RumbleOn
Founded
in 2017, RumbleOn (NASDAQ: RMBL) is an e-commerce company using
innovative technology to aggregate and distribute pre-owned
automotive and powersport vehicles to and from both consumers and
dealers, 100% online. RumbleOn is disrupting the pre-owned vehicle
supply chain by providing dealers with technology solutions such as
virtual inventory, and a 24/7 distribution platform, and consumers
with an efficient, timely and transparent transaction experience,
without leaving home. Whether buying, selling, trading or financing
a vehicle, RumbleOn enables dealers and consumers to transact
without geographic boundaries in a transparent, fast and friction
free experience. For more information, please visit http://www.rumbleon.com.
Cautionary Note Regarding Forward Looking Statements
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.
Investor
Relations:
The
Blueshirt Group
Dylan
Solomon
investors@rumbleon.com
Source:
RumbleOn, Inc