Shares of RumbleOn, Inc. (NASDAQ: RMBL) are up 4.27% after the company recently said it intends on releasing its financial results for the third quarter of fiscal 2017 before the market opens on Thursday, November 9. Company management will host a conference call following the release to discuss the financial results at 8:30 a.m. Eastern Time. Additionally, RumbleOn recently completed an underwritten public offering of 2,910,000 shares of its Class B common stock. Sold at $5.50 per share, gross proceeds for the company totaled approximately $16 million. The company also granted a 30-day option to the underwriters to purchase up to 436,500 additional shares of Class B common stock. ROTH Capital Partners acted as Joint Book-Running Manager for the offering.
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About RumbleOn, Inc.
RumbleOn operates a capital light disruptive e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned motorcycle and other power sport and recreation vehicles in one online location. RumbleOn’s goal is to transform the way motorcycles and other power sport and recreation vehicles are bought and sold by providing users with the most efficient, timely and transparent transaction experience. RumbleOn’s initial focus is the market for 601cc and larger on-road motorcycles, particularly those concentrated in the “Harley-Davidson” brand. Serving both consumers and dealers, through its online platform, RumbleOn makes cash offers for the purchase of their vehicles and intends to provide them the flexibility to trade, list, or auction their vehicle through RumbleOn’s website and mobile applications. In addition, RumbleOn offers a large inventory of used vehicles for sale along with third-party financing and associated products. For more information, visit the company’s website at www.RumbleOn.com
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