Certain Class B Common Stock of RumbleON, Inc. are subject to a Lock-Up Agreement Ending on 24-NOV-2021.
November 23, 2021
Share
Certain Class B Common Stock of RumbleON, Inc. are subject to a Lock-Up Agreement Ending on 24-NOV-2021. These Class B Common Stock will be under lockup for 91 days starting from 25-AUG-2021 to 24-NOV-2021.
Details:
The executive officers, directors and certain other stockholders, have agreed, subject to certain exceptions, not to offer, sell, assign, transfer, pledge, contract to sell, or otherwise dispose of or announce the intention to otherwise dispose of, or enter into any swap, hedge or similar agreement or arrangement that transfers, in whole or in part, the economic consequence of ownership of, directly or indirectly, or make any demand or request or exercise any right with respect to the registration of, or file with the SEC a registration statement under the Securities Act relating to, any Class B Common Stock or securities convertible into or exchangeable or exercisable for any Class B Common Stock without the prior written consent of B. Riley Securities, Inc., for a period of 90 days after the date of the pricing of the offering.
RumbleOn, Inc. is engaged in the business of powersports and vehicle transportation services. The Company's powersports business offers a wide selection of new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products from a wide range of manufacturers. Additionally, it offers a full suite of repair and maintenance services. It offers over 500 powersports franchises representing 52 different brands of products. Its vehicle transportation services business includes Wholesale Express, LLC, its subsidiary, which provides asset-light transportation brokerage services facilitating automobile transportation primarily between and among dealers. It provides services focused on pre-owned vehicles to clients in all 50 states through its established network of pre-qualified carriers.