RumbleON Inc - Ordinary Shares - Class B

NASDAQ:RMBL   3:59:44 PM EDT
35.53
-1.26 (-3.42%)
Mergers / Acquisitions

Rumbleon And Ridenow Announce Definitive Agreement To Combine Companies

Published: 03/15/2021 11:38 GMT
RumbleON Inc - Ordinary Shares - Class B (RMBL) - Rumbleon and Ridenow Announce Definitive Agreement to Combine Companies.
Rumbleon Inc - $575.4 Million Ridenow Purchase Price to Be Paid $400.4 Million in Cash and $175.0 Million in Rumbleon Class B Common Stock.
Rumbleon - Up to $280.0 Million of Cash Consideration to Be Funded Via New Debt Financing Committed by Funds Managed by Oaktree Capital Management, Lprumbleon Inc - for 2021, Assuming a Combination As of January 1, 2021, Total Revenue is Expected to Be in Range of $1.45-$1.55 Billion.
Rumbleon Inc - for 2021, Assuming a Combination As of January 1, 2021, Adjusted EBITDA in Range of $100.0-$110.0 Million.
Rumbleon Inc - Mark Tkach and William Coulter Will Join Rumbleon Board at Deal Closing.