RumbleOn Acknowledges Preliminary Proxy Statement from Shareholders and Former Directors

DALLAS, TX – April 6, 2023 – (Motor Sports NewsWire) – RumbleOn, Inc. (NASDAQ: RMBL) (“RumbleOn” or the “Company”), the nation’s first technology-based powersports platform, today issued the following statement regarding the preliminary proxy statement filed by two former directors and current shareholders, William Coulter and Mark Tkach:

The RumbleOn Board of Directors is deeply committed to enhancing value for all shareholders and overseeing the Company’s strategy. RumbleOn’s diverse and experienced Board comprises six highly qualified and experienced directors, four of whom are independent. These directors bring expansive operational and financial experience. The Board recognizes the importance of having the right mix of skills, expertise, and experience to effectively oversee RumbleOn and regularly reviews the Board’s composition and refreshes those skill sets as appropriate to ensure alignment with the interests of shareholders. With these key criteria in mind, the Board’s Nominating and Corporate Governance Committee continues to review director candidates for the two Class 2 seats up for election this year, including the candidates proposed by Mr. Coulter and Mr. Tkach.

RumbleOn’s shareholders are not required to take any action at this time. The Board will present its formal recommendation regarding director nominations in RumbleOn’s proxy materials that will be filed with the Securities and Exchange Commission (“SEC”) and mailed to shareholders eligible to vote at the 2023 Annual Meeting, which has not yet been scheduled.

Forward-Looking Statements

This press release may contain “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release. Readers are further advised to consider the factors listed under the headings “Forward-Looking Statements” and “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, as may be updated and amended from time to time. We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except as required by law.

Important Information

RumbleOn intends to file a proxy statement with the SEC in…