Chris Pavlovski, Rumble’s Founder, CEO and Largest Shareholder, Comments on Upcoming Lock-Up Expiration

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[{"type":"text","content":"LONGBOAT KEY, Fla., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Rumble Inc. (Nasdaq: RUM), the popular video-sharing platform, today announced that the company’s Founder and CEO Chris Pavlovski plans to continue standing firmly behind the company and its mission and will therefore not sell any of his Rumble shares when the lock-up agreements that were part of the company’s business combination with CF Acquisition Corp. VI expire on September 16, 2023. “When the lock-up is lifted, it will become evident who truly stands for free speech and who has other motivations. I, for one, remain deeply and passionately committed to our mission to protect a free and open internet,” commented Mr. Pavlovski. “I did not take Rumble public just to sell my shares as soon as I can, and therefore have no plans to sell.” As presented in Rumble’s proxy statement related to its most recent annual shareholder meeting, as of April 21, 2023, Mr. Pavlovski was the beneficial owner of 140,182,173 shares of Rumble’s Class A Common Stock, all of which are subject to lock-up or vesting requirements, representing 44.6% beneficial ownership of Class A Common Stock. About Rumble Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble’s mission is to restore the Internet to its roots by making it free and open once again. For more information, visit corp.rumble.com. Forward-Looking Statements Certain statements in this press release and the associated conference call constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts are forward-looking statements and include, for example, results of operations, financial condition and cash flows (including revenues, operating expenses, and net income (loss)); our ability to meet working capital needs and cash requirements over the next 12 months; statements by our CEO regarding his intentions with respect to his company shares; and our expectations regarding future results and certain key performance indicators. Certain of these forward-looking statements can be identified by using words such as “anticipates,” “believes,” “intends,” “estimates,” “targets,” “expects,” “endeavors,” “forecasts,” “could,” ...

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