M&A
confidence high
sentiment neutral
materiality 1.00
CF Acquisition Corp. VI completes Rumble business combination; RUM trading begins Sept. 19
Rumble Inc.
- Business combination closed Sept. 16, 2022; Rumble shareholders received ~3.19B in aggregate consideration.
- CEO Christopher Pavlovski acquired Class D stock for $1M, giving him ~85% voting power on fully-diluted basis.
- Class A common stock and warrants trade on Nasdaq starting Sept. 19 under symbols RUM and RUMBW.
- New board includes Robert Arsov, Paul Cappuccio, Nancy Armstrong, Ethan Fallang; indemnification agreements in place.
- Financial statements for Rumble for six months ended June 30, 2022 and MD&A filed as Exhibits 99.2 and 99.4.