Rumble files Section 205 petition to validate charter amendments after Boxed decision; hearing March 6

Rumble Inc.

Filed petition in Delaware Court of Chancery to validate increase of authorized Class A shares from 160M to 700M and opt-out of separate class vote.
Charter amendments were approved by combined vote of Class A and B, but not by Class A alone; Boxed decision casts doubt on validity.
If not validated, Rumble may be unable to timely file its 10-K, risking SEC deregistration, delisting, and inability to raise capital.
Company has ~111.5M Class A shares outstanding and ~167.7M exchangeable shares; future exchanges could be invalid without validation.
Hearing set for March 6, 2023 at 11:20 a.m. ET in Wilmington, Delaware; stockholders may appear or submit written positions.

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