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IRVING, Texas , Nov. 26, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ: RMBL) (the "Company" or "RumbleOn") announced today that it has commenced a $10.0 million fully backstopped registered equity rights offering (the "Rights Offering"), pursuant to which the Company is expected to receive aggregate gross proceeds of $10.0 million , less expenses related to the Rights Offering. The Company intends to use the proceeds from the Rights Offering for general corporate purposes which may include repayment of the Company's convertible senior 6.75% promissory notes due January 1, 2025 . The proceeds raised will also satisfy, in part, the additional capital financing obligations of the Company pursuant to a recent amendment to the Company's credit agreement with Oaktree. The Company is distributing at no charge to the holders of (i) its Class A common stock, par value $0.001 per share (the "Class A common stock"), and (ii) Class B common stock, par value $0.001 per share (the "Class B common stock" and, together with the Class A common stock, the "common stock"), in each case as of the close of business on November 25, 2024 (the "Record Date"), non-transferable subscription rights (the "Subscription Rights") to purchase up to 2,392,344 shares of Class B common stock at price of $4.18 per share (the "Subscription Price"). The aggregate subscription value of all shares of Class B common stock available for purchase in the Rights Offering is $10.0 million . Each holder of common stock as of the Record Date (each, an "Eligible Stockholder") will receive one Subscription Right for each share of the common stock owned as of the Record Date. Each Subscription Right entitles the holder to purchase 0.0677 shares of Class B common stock. The Company will not issue any fractional shares of Class B common stock in the Rights Offering. Instead, the Company will round down the aggregate number of shares of Class B common stock the Eligible Stockholders are entitled to receive to the nearest whole number. Accordingly, as each Subscription Right represents the right to purchase 0.0677 shares of Class B common stock, an Eligible Stockholder must hold at least 15 shares of Class A common stock or Class B common stock to receive sufficient Subscription Rights to purchase at least one share of Class B common stock in the Rights Offering. Eligible Stockholders will not be entitled to exercise an over-subscription privilege to purchase additional shares of Class B common stock that may remain unsubscribed as a result of any unexercised Subscription Rights. The Subscription Rights will expire and will have no value if they are not exercised prior to 5:00 p.m. Eastern Time , on the expiration time for the Rights Offering (the "Expiration Time"), which is currently expected to be 5:00 p.m. Eastern time on December 12, 2024 , unless the Company, in its sole discretion, extends the period for exercising the Subscription Rights. Subject to the terms and conditions of the Support and Standby Purchase Agreement (defined below), the Company reserves the right to cancel, terminate, amend, or extend the Rights Offering at any time prior to the Expiration Time. On November 26 , 2024, the Company entered into a support and standby purchase agreement (the "Support and Standby Purchase Agreement") with Stone House Capital Management, LLC, which is a holder of Class B common stock and is managed by Mark Cohen , a member of the board of directors of the Company (together with its affiliates, the "Standby Purchaser"), and Mark Tkach and William Coulter , each of whom is a holder of the Class B common stock and a member of the board of directors of the Company (collectively, the "Support Purchasers" and, together with the Standby Purchaser, the "Investors"). The Support and Standby Purchase Agreement provides, among other things, that (i) the Standby Purchaser will purchase from the Company in a private placement any shares of Class B common stock included in the Rights Offering that are not subscribed for and purchased by Eligible Stockholders (collectively, the "Backstop Securities") for the same per share Subscription Price payable by the Eligible Stockholders electing to exercise their Subscription Rights in the Rights Offering; and (ii) each Support Purchaser will exercise all of his respective Subscription Rights in full prior to the Expiration Time. Other Important Information The Subscription Rights will not be listed for trading on any stock exchange or market. Therefore, there will be no public market for the Subscription Rights. However, the shares of Class B common stock issued upon the exercise of the Subscription Rights will remain listed on The Nasdaq Capital Market of the Nasdaq Stock Market LLC under the symbol "RMBL." The Company expects that Broadridge Corporate Issuer Solutions, LLC, the subscription and information agent for the Rights Offering, will distribute subscription documents for the Rights Offering to Eligible Stockholders beginning on or about November 26, 2024 . Holders of shares of common stock held in "street name" through a brokerage account, bank or other nominee should contact their broker, bank or other nominee for details regarding participation in the Rights Offering. For any questions or further information about the Rights Offering, please contact the information agent, at (888) 789-8409 (Toll-Free), or via email at shareholder@broadridge.com . Neither the Company nor its board of directors has made or will make any recommendation to holders regarding participation in the Rights Offering. Holders should make an independent investment decision about whether to participate in the Rights Offering based on their own assessment of the Company's business and the Rights Offering. The offering of the Class B common stock pursuant to the Rights Offering is being made pursuant to the Company's existing effective shelf registration statement on Form S-3 (Reg. No. 333-281862) on file with the Securities and Exchange Commission (the "SEC") and a prospectus supplement (and the accompanying base prospectus) filed with the SEC on the date hereof. The information in this press release is not complete and is subject to change. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such state or jurisdiction. The Rights Offering will be made only by means of the prospectus supplement (and the accompanying base prospectus) filed with the SEC on the date hereof. About RumbleOn RumbleOn, Inc. (NASDAQ: RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. Our Powersports group is the largest powersports retail group in the United States (as measured by reported revenue, major unit sales and dealership locations), offering over 500 powersports franchises representing 50 different brands of products. Our Powersports group sells a wide selection of new and pre-owned products, including parts, apparel, accessories, finance & insurance products and services, and aftermarket products. We are the largest purchaser of pre-owned powersports vehicles in the United States and utilize RideNow's Cash Offer to acquire vehicles directly from consumers. For more information on RumbleOn, please visit rumbleon.com . Cautionary Note on Forward-Looking Statements The Company's press release contains statements that constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, those regarding the Company's plans to launch a Rights Offering, the anticipated final terms, timing and completion of the proposed Rights Offering, and the use of proceeds from the proposed Rights Offering. Forward-looking statements generally can be identified by words such as "anticipates," "believes," "continues," "could," "estimates," "expects," "intends," "hopes," "may," "plan," "possible," "potential," "predicts," "projects," "should," "targets," "would" and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including, but not limited to, risks and uncertainties related to: whether the proposed transactions will be completed in a timely manner, or at all; the risk that all of the closing conditions for the proposed Rights Offering are not satisfied; the occurrence of any event, change or other circumstance that could cause the Company not to proceed with the Rights Offering; the determination of the final terms of the proposed Rights Offering; the satisfaction of customary closing conditions related to the proposed Rights Offering; risks related to the diversion of management's attention from RumbleOn's ongoing business operations; the impact of general economic, industry or political conditions in the United States or internationally, as well as the other risk factors set forth under the caption "Risk Factors" in the registration statement, as amended, and in RumbleOn's Annual Report for the year ended December 31, 2023 and Quarterly Reports on Form 10-Q for the quarters ended March 30, 2024 , June 30, 2024 and September 30, 2024 and in any other subsequent filings made with the SEC by RumbleOn. There can be no assurance that RumbleOn will be able to complete the proposed Rights Offering on the anticipated terms, or at all. Any forward-looking statements contained in this press release speak only as of the date hereof, and RumbleOn specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. View original content to download multimedia: https://www.prnewswire.com/news-releases/rumbleon-announces-commencement-of-10-0-million-fully-backstopped-registered-rights-offering-302316964.html SOURCE RumbleOnSophie Hediger, a member of Switzerland's snowboard cross team at the 2022 Beijing Winter Olympics, has died following an avalanche at a mountain resort, the country's skiing federation said on Tuesday. The incident occurred on Monday at the Arosa resort in Switzerland. Hediger, 26, competed at the Beijing Games in the women’s snowboard cross and the mixed team version of the same event. Hediger achieved her first two World Cup podium finishes in the 2023-24 season. Her best result was a second place in St. Moritz in January. Story continues below video “We are shocked and our thoughts are with Sophie’s family, to whom we offer our deepest condolences,” said Swiss-Ski CEO Walter Reusser in a statement. “(She lost her life) tragically, brutally and far too soon.” AP sports: https://apnews.com/sports3E<+΀С"zx[a1\殖68`W0}T。

New York Jets interim coach Jeff Ulbrich said Aaron Rodgers “absolutely” will remain the team's starting quarterback and start Sunday against the Seattle Seahawks. Rodgers, who turns 41 next Monday, has been hampered at times during the Jets' 3-8 start by various injuries to his left leg, including a sore knee, sprained ankle and balky hamstring. Ulbrich said Monday the quarterback came back from the team's bye-week break ready to go. “All I can say, and you'd have to ask Aaron if he's fully healthy, but he's better off today than he's been as of late,” Ulbrich said. "So he's definitely feeling healthier than he has probably for the past month. A healthy Aaron Rodgers is the Aaron Rodgers we all love. “So, I'm excited about what that looks like.” NFL Network reported on Sunday that Rodgers, who missed all but four snaps last season with a torn left Achilles tendon, has declined having medical scans on his injured leg so he can continue to play. GM: The New York Jets are turning to one of their former general managers to help them find their next GM and head coach. The franchise announced Monday that The 33rd Team, a football media, analytics and consulting group founded by former Jets GM Mike Tannenbaum, will assist team owner Woody Johnson in the searches. Tannenbaum and Rick Spielman, former GM of the Miami Dolphins and Minnesota Vikings, will be The 33rd Team's primary representatives in helping find replacements for former coach Robert Saleh and GM Joe Douglas. SANTA CLARA, Calif. — San Francisco quarterback Brock Purdy took part in some light throwing on Monday after missing his first career game because of an injury and the 49ers are hoping he can return this week. Purdy hurt his throwing shoulder during a loss to Seattle on Nov. 17. Purdy underwent two MRIs last week that showed no structural damage. But Purdy he felt discomfort after making a few throws at practice on Thursday and was shut down for the game at Green Bay on Sunday that San Francisco lost 38-10. Coach Kyle Shanahan said Monday that Purdy made it through the session without pain and will rest on Tuesday and hopefully be able to return to practice on Wednesday as the Niners prepare to play at Buffalo this coming week. “We rested it throughout the weekend hoping that would help,” Shanahan said. “He threw lighter today to see if that rest helps and the rest did help him. So we’ll see again, going through the same things we did last week. We’re going to let him rest all the way up to Wednesday. We’ll see how it feels on Wednesday and then we’ll take the exact same course throughout the week. Hopefully it responds better this week than it did last week with the rest.” Brandon Allen went 17 for 29 for 199 yards with a touchdown, an interception and a lost fumble in his first start since the 2021 season. Allen would play once again if Purdy is unable to go on Sunday at Buffalo. FOXBOROUGH, Mass. — The NFL removed New England Patriots safety Jabrill Peppers from the commissioner exempt list on Monday, making him eligible to participate in practice and play in the team’s games. Peppers missed seven games since being placed on the list on Oct. 9 after he was arrested and charged with shoving his girlfriend’s head into a wall and choking her. The league said its review is ongoing and is not affected by the change in Peppers’ roster status. Braintree, Massachusetts, police said they were called to a home for an altercation between two people on Oct. 7, and a woman told them Peppers choked her. Police said they found at the home a clear plastic bag containing a white powder, which later tested positive for cocaine. Peppers, 29, pleaded not guilty in Quincy District Court to charges of assault and battery with a dangerous weapon and possession of a Class “B” substance believed to be cocaine. At a court appearance last week a trial date was set for Jan. 22. HENDERSON, Nev. — Las Vegas Raiders quarterback Gardner Minshew is out for the rest of the season with a broken collarbone, coach Antonio Pierce said Monday. Minshew was injured with 3:12 left in Sunday's 29-19 loss to the Denver Broncos. Pierce will have to decide whether Aidan O'Connell or Desmond Ridder will start Friday's game at Kansas City. The Raiders, who have lost seven consecutive games to fall to 2-9, could use a spark. Minshew's grip on the starting job was tenuous even before he was injured. He threw 10 interceptions to just nine touchdown passes this season and Minshew also lost four fumbles. JACKSONVILLE, Fla. — Jacksonville Jaguars quarterback Trevor Lawrence will practice Monday and “we'll see where he's at from there,” coach Doug Pederson said. Lawrence missed the past two games, losses to Minnesota and Detroit, with a sprained left shoulder. Lawrence had extra time to rest during Jacksonville's bye week. The Jaguars (2-9) host AFC South-leading Houston (7-5) on Sunday and need a victory to avoid being eliminated from playoff contention. Pederson said Lawrence is “feeling better" and they will know more about his playing status following practice Wednesday. Lawrence took a hit to his left shoulder while scrambling at Philadelphia on Nov. 3. Instead of sliding, he chose to go head-first and got hammered by linebacker Zack Baun. Lawrence has practiced some in a limited role since, but was inactive for both games. BRIEFLY LIONS: Detroit wide receiver Jameson Williams won't be charged with a crime after he was found with a gun in a car driven by his brother in October. Prosecutor Kym Worthy says Michigan law is “far from clear” when applied to the 1 a.m. traffic stop in Detroit. Get local news delivered to your inbox!

In this exclusive webcast, we delve into the transformative potential of portable microservices for the deployment of generative AI models. We explore how startups and large organizations are leveraging this technology to streamline generative AI deployment, enhance customer service, and drive innovation across domains, including chatbots, document analysis, and video generation. Our discussion focuses on overcoming key challenges such as deployment complexity, security, and cost management. We also discuss how microservices can help executives realize business value with generative AI while maintaining control over data and intellectual property.NEW YORK , Nov. 25, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global pesto sauces market size is estimated to grow by USD 936.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.36% during the forecast period. New product launch is driving market growth, with a trend towards expanding retail space. However, fluctuating price of raw materials poses a challenge.Key market players include Barilla G. E R. Fratelli Spa, Belazu Ingredient Co., Buitoni Food Co., F.lli De Cecco di Filippo SpA, F.lli Sacla Spa, Fattorie Umbre S. R. L., Filippo Berio USA LTD., Food Service ( India ) Pvt. Ltd, Frontier Co op, Mezzetta, Napolina, Nestle SA, Rana USA Inc., Raos Specialty Foods Inc., Roland Foods LLC, Saucery Foods Pvt. Ltd., Sorrentina Honestly Italian Pvt. Ltd., Telluric Foods Ltd., Ugo Foods Group Ltd., and Unilever PLC. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The global pesto sauces market may not directly relate to heart failure or cardiac disorders, but the healthcare industry is experiencing significant trends that impact the development and use of cardiac care technologies. With an aging global population and a rise in cardiovascular diseases (CVDs), heart transplantation and the use of cardiac assist devices have become major medical issues. Technological breakthroughs in materials science, robotics, and biotechnology are driving innovation in the production of artificial hearts, heart valves, and ventricular assist devices. Regulatory approvals, clinical evidence, and ethical considerations are crucial factors in bringing these life-saving treatments to patients. The destination therapy segment is gaining popularity due to minimally invasive procedures and continuous flow technology. However, high costs, restricted accessibility, and technological complexity pose regulatory obstacles and ethical considerations. Continuous monitoring, maintenance, and patient comfort are essential for successful implantation and post-operative care. The use of artificial intelligence and machine learning technologies in cardiac care is also a trend, with AI algorithms analyzing heart rate and device characteristics to prevent device malfunction and preemptive interventions. Overall, the pesto sauces market may not directly impact heart health, but the healthcare industry's focus on cardiac care and technological innovation continues to be a significant global concern. The global pesto sauces market is experiencing growth due to the expanding retail landscape. Supermarkets and hypermarkets, convenience stores, discount stores, and online portals are the primary distribution channels. E-commerce sales are on the rise, with platforms like Amazon contributing significantly. Traditional sales channels remain crucial, but the increasing preference for online shopping is expected to boost market growth. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The global pesto sauces market faces several challenges in the healthcare industry. Heart failure and cardiac disorders are major medical issues, leading to an increased demand for cardiac care. Heart transplantation and the use of artificial hearts are common treatments, but donor organs and ethical considerations pose regulatory obstacles. The aging global population and rising healthcare spending fuel the need for technological breakthroughs in cardiovascular diseases (CVDs), including coronary artery disease and hypertension. Medical device manufacturers and academic institutions collaborate to develop advanced cardiac assist devices using biocompatible materials and minimally invasive procedures. Continuous flow technology and pulsatile flow technology are two promising areas of research. However, regulatory approvals, clinical evidence, and ethical considerations are crucial for market growth. The destination therapy segment faces challenges due to technological complexity, restricted accessibility, and high costs. Mechanical hearts, artificial heart valves, and other device components require ongoing maintenance and monitoring, which can be costly for patients. Insurance coverage and patient comfort are also significant concerns. Despite these challenges, the market for pesto sauces in the healthcare industry remains technologically innovative and complex. AI algorithms, machine learning technologies, and advanced control systems are being integrated into cardiac devices to improve patient outcomes and reduce hospital readmissions. The future of cardiac care lies in continuous technological advances and preemptive interventions to improve the quality of life for patients with CVDs. The global pesto sauces market faces a significant challenge due to the volatile pricing of key ingredients, particularly olive oil and garlic. Garlic, an essential component of pesto sauce, experienced a price increase in 2020 compared to the previous year. This trend was observed in major garlic-producing countries, including China , Spain , and Argentina . China , the world's leading garlic producer, also saw price fluctuations. Olive oil, another significant ingredient, similarly impacts market growth due to its price instability. These ingredient price fluctuations negatively influence the growth of the global pesto sauces market. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This pesto sauces market report extensively covers market segmentation by 1.1 Retail 1.2 Foodservice 2.1 Glass bottles 2.2 PET 2.3 Cans 2.4 Pouches 2.5 Cartons 3.1 Europe 3.2 North America 3.3 South America 3.4 APAC 3.5 Middle East and Africa 1.1 Retail- The global pesto sauces market is experiencing growth due to the rising popularity of Italian cuisine among consumers. This trend is driving sales of pesto sauces through various retail channels, including supermarkets and hypermarkets. These retail channels offer consumers a wide range of options from various brands, making it convenient for them to make a purchase. The increasing prominence of private label brands by supermarket and hypermarket chains is a positive trend that can boost the market's growth. Additionally, the online sale of pesto sauces is increasing due to the convenience factor, further contributing to the market's expansion. Overall, the retail segment is expected to significantly contribute to the growth of the global pesto sauces market during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The global pesto sauces market may seem unrelated to heart health, but the connection lies in the broader context of cardiac care. As the global population ages, the prevalence of cardiovascular diseases, including heart failure and cardiac disorders, increases. These major medical issues call for innovative solutions, from medicine and medical technology to materials science, robotics, and biotechnology. Heart transplantation and the use of donor organs remain crucial, but temporary treatments like cardiac assist devices and artificial hearts are gaining popularity. The pesto sauces market, while not directly related to heart health, can contribute to cardiac care through the use of healthy ingredients that support heart health. The market is expected to grow, driven by consumer demand for natural, organic, and convenient food options. Market Research Overview The global pesto sauces market may not directly relate to heart failure or cardiac disorders, but the world's aging population and the increasing prevalence of cardiovascular diseases (CVDs) have led to a significant focus on cardiac care and the development of advanced medical technologies. These include cardiac assist devices, artificial hearts, and ventricular assist devices. Technological breakthroughs in materials science, robotics, and biotechnology are driving innovation in this field. Regulatory approvals, clinical evidence, and ethical considerations are key factors influencing the market. Major medical issues such as biventricular heart failure, heart transplantation, and mechanical heart implants require continuous monitoring, maintenance, and post-operative care. The high cost and restricted accessibility of these treatments remain significant challenges. Technological complexity and ethical considerations are also crucial factors, with artificial intelligence and machine learning technologies playing an increasingly important role in improving device performance and patient comfort. The global healthcare spending on cardiovascular diseases is expected to continue rising, making it a significant market opportunity for medical device manufacturers, academic institutions, and research centers. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-user Retail Foodservice Packaging Glass Bottles PET Cans Pouches Cartons Geography Europe North America South America APAC Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio

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