RumbleOn, which is launching an online marketplace for motorcycles, raised $16 million by offering 2.9 million shares at $5.50, below its last close of $9.30 on the OTCQB. The pre-revenue company originally planned to offer 2.0 million shares. RumbleOn will list on the Nasdaq under the symbol RMBL. Roth Capital and Maxim Group LLC acted as lead managers on the deal.
