RumbleOn, Inc. Announces Exercise and Closing of Over-Allotment Option in Public Offering

DALLAS--(BUSINESS WIRE)--RumbleOn, Inc. (NASDAQ: RMBL) (the "Company"), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced that in connection with its previously announced public offering of its Class B Common Stock, the underwriters fully exercised and closed on their over-allotment option to purchase an additional 2,700,000 shares of Class B Common Stock from the Company. The Company received approximately $1.4 million in additional net proceeds from the sale of these shares, after deducting the underwriting discount.