other material
confidence high
sentiment neutral
materiality 0.60
Rumble sends letter to LSEG CEO alleging errors in Russell 3000 inclusion calculation
Rumble Inc.
- Rumble claims its publicly held shares represent at least 5.5% of voting rights, above the 5.0% threshold.
- LSEG staff calculated only 13M class A shares in public hands, but Dan Bongino controls 16M class A shares alone.
- SPAC shareholders from the 2022 merger hold approximately 30M class A shares, none held by insiders.
- LSEG staff refused to correct the error, citing a need to 'stay consistent' with their process.
- Rumble urges correction before the Russell 3000 Index is finalized to avoid excluding the company.