Rumble receives $775M strategic investment from Tether; launches self-tender for up to 70M shares at $7.50

Rumble Inc.

Tether to purchase 103.3M shares at $7.50/share, providing $775M gross proceeds to Rumble.
Rumble to use $250M for growth initiatives; remaining ~$525M funds self-tender offer for up to 70M shares at $7.50.
CEO Chris Pavlovski retains controlling stake; Tether gets no board seats and minority position.
Investment and tender offer expected to close in Q1 2025, subject to HSR clearance.
Tether intends to pursue advertising, cloud, and crypto payment partnerships with Rumble.

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