Accomplished Executive to Guide Company in its Next Phase of GrowthNEW YORK, NY – January 23, 2025 – (Motor Sports NewsWire) – Octane® (Octane Lending, Inc.®), the fintech company revolutionizing the financing experience, announced today that it has named Sean Fernandez-Ledon its first Chief Legal Officer, effective January 1, 2025.Since joining the company as General Counsel and Chief Compliance Officer and its first legal hire in 2017, Fernandez-Ledon built the Octane Legal and Compliance Department from the ground up. He played a significant leadership role in Octane’s successful asset-backed securitization (ABS) program, which has now issued more than $4 billion in notes, as well as more than $1 billion of whole-loan sales and forward-flow commitments the company has announced or completed since December 2023. Fernandez-Ledon has been instrumental in Octane’s corporate governance practice and equity funding raises, including the company’s Series E funding round, which closed last year. He has also overseen Octane’s compliance efforts and the regulatory work that has enabled the company to expand into the marine, recreational vehicle (RV), tractor, and trailer markets.“Sean’s wealth of experience and insight has been integral to Octane’s growth from a nascent player to a market leader,” said Jason Guss, CEO and Co-Founder of Octane. “I’m grateful to Sean for his counsel, support, and guidance over the past eight years, and count on his leadership to help us achieve many more milestones together in the years to come.”“It’s been a privilege to work alongside Jason and the rest of the Octane team to deliver a fast, seamless buying experience for our partners and customers,” said Fernandez-Ledon. “I look forward to driving continued success for Octane with the support of an exceptional legal team.”An alumnus of Cravath, Swain, Moore, LLP, Fernandez-Ledon holds a J.D

CFMOTO Dealers and Customers to Benefit from Octane's Fast, Easy Experience and Full-Spectrum FinancingNEW YORK, Dec. 19, 2024 /PRNewswire/ -- Octane ® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, and CFMOTO , a world-class powersports manufacturer, announced a new agreement to provide promotional financing for prime customers in the United States.Effective immediately, prime and non-prime consumers can qualify for financing for CFMOTO's full line of ATVs, side-by-sides, and motorcycles through Octane's in-house lender, Roadrunner Financial ®, Inc. At the same time, CFMOTO's network of over 600 dealers in the United States—more than a quarter of which have the award-winning soft-pull tool, Octane Prequal ®, on their websites—will benefit from Octane's fast and easy digital financing experience as well as competitive terms and flexible rates for its customers."We're excited to strengthen and expand our relationship with CFMOTO and bring our seamless, digital financing experience to even more of its customers," said Jon Vestal, SVP, Head of Powersports & OPE at Octane. "By offering full-spectrum financing and digital tools, we're giving CFMOTO dealers more ways to help people purchase a vehicle and connect with their passion.""We are thrilled to expand our partnership with Octane to offer enhanced financing options for our customers and dealers," said Jake Mirabel, Vice President Sales at CFMOTO. "Octane's innovative digital tools and full-spectrum financing make it easier than ever for our customers to access the vehicles they love, while empowering our dealers with competitive terms and streamlined processes. Together, we're driving growth and delivering an exceptional buying experience."Since 2016, Octane has partnered with CFMOTO to offer financing solutions for credit-worthy customers just outside of the traditional "prime" range through Roadrunner Financial ®, Inc.About Octane:Octane ® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience

More than $4 Billion of Asset-Backed Securities Issued to Date. NEW YORK, Nov. 14, 2024 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed a $326 million securitization ("OCTL 2024-3") collateralized by fixed-rate installment powersports loans issued through its in-house lender, Roadrunner Financial®, Inc. Octane has issued more than $4 billion of asset-backed securities (ABS) since launching the program in December 2019. This is the company's 12th ABS transaction. OCTL 2024-3 consists of six classes of fixed-rate notes: Class A-1, Class A-2, Class B, Class C, Class D, and Class E, which Standard Poor's (SP)* and Kroll Bond Rating Agency (KBRA)** rated as A-1+/K1+, AAA/AAA, AA/AA+, A/A+, BBB/BBB+, and BB/BB+ respectively, in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended