Rumble Inc. (RUM): M&A transaction — Rumble acquires podcasting platform Callin for up to 2.5M shares; Sacks to board

Rumble Inc.

Upfront consideration of 1,000,000 shares of RUM Class A common stock, subject to customary adjustments.
Contingent additional 1,500,000 shares upon achievement of four milestones (375,000 each).
Callin founder David Sacks to join Rumble’s board of directors in second half of June 2023.
Callin team, including co-founder Axel Ericsson, will continue developing live streaming capabilities.
SEC waiver obtained; Callin financial statements not required under Rule 3-05.

item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

David Sacks

member of the board of directors

RUM · Rumble Inc.

Filed: May 19, 2023, 7:59 PM ET

appoint David Sacks as a member of the board of directors of the Company until the next annual meeting

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Sacks was appointed as member of the board of directors at Rumble Inc..

Action: appointed
Role: member of the board of directors

Exact text from the filing

appoint David Sacks as a member of the board of directors of the Company until the next annual meeting

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Rumble Inc. completed an acquisition involving Callin Corp. for an upfront payment of 1,000,000 shares of the Company’s Class A common stock, par value $0.0001 per share (closed 2023-05-15).

Action: acquisition
Counterparty: Callin Corp.
Consideration: an upfront payment of 1,000,000 shares of the Company’s Class A common stock, par value $0.0001 per share
Closing: 2023-05-15

Exact text from the filing

“ Merger Sub 2 ”), CallIn Corp., a Delaware corporation (“ Callin ”), and, solely for the purposes of Section 7.16 therein, Shareholder Representative Services LLC, a Colorado limited liability company solely in its capacity as the

View on SEC.gov

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Rumble Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-041522

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