RumbleOn Inc. (NASDAQ: RMBL) today announced the pricing of its previously announced underwritten public offering. The Company is offering 2,025,000 shares of its Class B Common Stock, par value $0.001 per share, at a price to the public of $6.05 per share. In connection with the offering, the Company has also granted the underwriter a 45-day option to purchase up to an additional 303,750 shares of Class B Common Stock offered in the public offering to cover over-allotments, if any.

National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NHLD) is acting as sole book running manager for the offering.

The Company expects to receive gross proceeds from the offering, excluding the exercise of the over-allotment option, if any, of approximately $12.3 million, excluding underwriting discounts and commissions and other offering-related expenses. Assuming the full exercise of the over-allotment option, the gross proceeds may reach $14.1 million.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, which may include purchases of additional inventory held for sale, increased spending on marketing and advertising and capital expenditures necessary to grow the business.