RumbleOn Files Annual Report on Form 10-K

Rhea-AI Summary

RumbleOn, Inc. (NASDAQ: RMBL) has filed its Annual Report on Form 10-K for the year ended December 31, 2021, addressing a prior compliance issue with Nasdaq. The notice from April 4, 2022, indicated a failure to file the report timely, but the company's recent action is believed to restore compliance with Nasdaq Listing Rule 5250(c)(1). This filing is crucial for maintaining its listing status on the exchange.

Positive

• Filing of Form 10-K cures previous compliance deficiency with Nasdaq.
• Belief that the company has regained compliance with Nasdaq Listing Rule 5250(c)(1).

Negative

• None.

IRVING, Texas--(BUSINESS WIRE)-- RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based omnichannel powersports platform, today announced the filing of its Annual Report on Form 10-K for the year ended December 31, 2021 (the “Form 10-K”). As disclosed in the Form 10-K, the filing cures a listing deficiency set forth on a notice the Company received from Nasdaq on April 4, 2022. The notice stated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed the Form 10-K with the SEC. The Company believes that it has regained compliance with this rule as a result of today’s filing of the Form 10-K.

About RumbleOn

RumbleOn, Inc. is the nation's first technology-based omnichannel powersports platform. Headquartered in the Dallas Metroplex, RumbleOn is revolutionizing the customer experience for outdoor enthusiasts across the country and making powersport vehicles accessible to more people, in more places than ever before. To learn more please visit us online at https://www.rumbleon.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220408005566/en/

Investor Relations Contact:

Will Newell

investors@rumbleon.com

Source: RumbleOn, Inc.

FAQ

What did RumbleOn announce in their recent press release?

RumbleOn announced the filing of its Annual Report on Form 10-K for the year ended December 31, 2021, addressing a compliance issue with Nasdaq.

What compliance issue did RumbleOn face with Nasdaq?

RumbleOn received a notice on April 4, 2022, due to not timely filing its Form 10-K, which is a violation of Nasdaq Listing Rule 5250(c)(1).

How does the Form 10-K filing impact RumbleOn's stock?

The filing is expected to restore RumbleOn's compliance with Nasdaq, which is important for the company's continued listing status.

When was RumbleOn's Form 10-K filed?

RumbleOn's Form 10-K was filed recently, addressing the compliance issue reported to Nasdaq.