RumbleON, Inc. announced that it has entered into Standby Purchase Agreement with Mark Tkach, William Coulter and Stone House Capital Management, LLC to issue 3,443,289 shares of Class B common stock at an exercise price of $5.50 per share for the gross proceeds of $18,938,089.5 on December 6, 2023. The issuance and sale of the Backstop Securities to the Standby Purchasers was made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, for a transaction by an issuer not involving any public offering. The transaction included participation from individual investors Mark Tkach and William Coulter for 860,822 shares each for $4,734,521 each.