CHARLOTTE, N.C., Oct. 23, 2017 (GLOBE NEWSWIRE) -- RumbleOn, Inc. (NASDAQ:RMBL) today announced the closing of an underwritten public offering of 2,910,000 shares of its Class B common stock at a price of $5.50 per share. The Company has also granted the underwriters a 30-day option to purchase up to 436,500 additional shares of Class B common stock until November 19, 2017. After the underwriting discount and estimated offering fees and expenses payable by the Company, RumbleOn expects net proceeds of approximately $14.5 million

Roth Capital Partners and Maxim Group LLC served as joint book-running managers for the offering. Aegis Capital Corp. served as co-manager for the offering.

About RumbleOn

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. 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 additional information, please visit RumbleOn’s website at www.RumbleOn.com. Also visit the Company on Facebook, LinkedIn, Twitter, Instagram, YouTube and Pinterest.