Business
Rumble Announces Initial Results of Exchange Offer for Northern Data
5,708,665 Shares Tendered Within the Initial Acceptance Period, bringing Total Secured Shares to approximately 81.3% of outstanding Northern Data Shares
About this update from Rumble Inc.
[{"type":"text","content":"5,708,665 Shares Tendered Within the Initial Acceptance Period, bringing Total Secured Shares to approximately 81.3% of outstanding Northern Data Shares Additional Acceptance Period Commences on May 15, 2026 and Ends on June 1, 2026 – Last Chance for Northern Data Shareholders to Participate in the Exchange Offer Ahead of the Delisting of Northern Data Shares Best and Final Offer with Exchange Ratio of 2.0281 Shares of Rumble Class A Common Stock in Exchange for Each Northern Data Share Remains Unchanged Northern Data’s Management Board and Supervisory Board Unanimously Recommend Acceptance of the Offer Closing Expected in mid-June 2026 with Delisting of Northern Data Shares to be Effected Promptly Afterwards Longboat Key, FL, May 13, 2026 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ: RUM) (“Rumble”), the Freedom-First technology platform, today announced the results of the initial acceptance period for its exchange offer to acquire all outstanding shares of Northern Data AG (“Northern Data”). A total of 5,708,665 shares were tendered within the initial acceptance period that ended on May 9, 2026. Including shares committed under transaction support agreements, Rumble has now secured approximately 81.3% of Northern Data’s outstanding shares. As previously announced, the remaining Northern Data shareholders will have a final opportunity to accept the exchange offer during a limited additional acceptance period, which will commence on May 15, 2026 and end on June 1, 2026, at 06:01 hrs (local time in Frankfurt am Main, Germany) / 00:01 hrs (local time in New York). The exchange offer can no longer be accepted after expiry of the additional acceptance period. Each Northern Data shareholder that validly tenders into the exchange offer receives, subject to satisfaction or waiver of the remaining offer conditions, 2.0281 newly issued shares of Rumble Class A common stock in exchange for each Northern Data share at closing (with customary settlement mechanisms for fractional shares). This is Rumble’s best and final offer, and it will not be increased. All regulatory approvals have been received, and the offer is not conditioned upon a minimum tender threshold. The exchange offer provides Northern Data shareholders with an opportunity to become stockholders directly in Rumble and thereby participate in the combined company’s drive towards bec...