Rumble Secures 81.3% of Northern Data Shares in Exchange Offer, Sets Final Acceptance Period

summarizeSummary

Rumble Inc. has secured over 81% of Northern Data AG shares in its exchange offer, with a final acceptance period set before the expected mid-June closing and subsequent delisting of Northern Data shares.

check_boxKey Events

• Exchange Offer Progress

  Rumble has secured approximately 81.3% of Northern Data's outstanding shares, including 5,708,665 shares tendered during the initial acceptance period.

• Final Acceptance Period Announced

  An additional acceptance period will run from May 15, 2026, to June 1, 2026, providing the last opportunity for Northern Data shareholders to participate in the exchange offer.

• Impending Delisting

  The closing is expected in mid-June 2026, after which Northern Data shares will be delisted, significantly reducing liquidity and price transparency for non-tendering shareholders.

• Offer Terms Unchanged

  The exchange ratio of 2.0281 shares of Rumble Class A common stock for each Northern Data share remains Rumble's best and final offer.

auto_awesomeAnalysis

Rumble Inc. announced significant progress in its all-stock acquisition of Northern Data AG, securing approximately 81.3% of outstanding shares through its exchange offer. This update confirms the high likelihood of the deal closing in mid-June 2026, after which Northern Data shares will be delisted. The final acceptance period offers remaining shareholders a last chance to tender their shares and avoid holding illiquid stock.