Rumble closes $775M strategic investment from Tether and completes $525M tender offer

Rumble Inc.

Tether purchased 103,333,333 new shares of Rumble Class A common stock at $7.50 per share, for $775M total.
Rumble completed tender offer to buy back 70M shares at $7.50/share for $525M; 70,061,168 shares were tendered.
Of the $775M proceeds, $250M after expenses allocated to growth initiatives; $525M used to fund tender.
Rumble’s Board and CEO Chris Pavlovski’s super-majority voting control remain unchanged.
General Counsel Michael Ellis resigned effective Feb 7, 2025; receives $1M bonus, accelerated vesting, extended option period.

item 1.01 item 3.02 item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Michael Ellis

General Counsel and Corporate Secretary

RUM · Rumble Inc.

Effective: 2025-02-07
Filed: February 7, 2025, 6:59 PM ET

As previously reported, Michael Ellis resigned as General Counsel and Corporate Secretary of the Company, effective upon the close of business on February 7, 2025

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Ellis resigned as General Counsel and Corporate Secretary at Rumble Inc..

Action: resigned
Role: General Counsel and Corporate Secretary

Exact text from the filing

As previously reported, Michael Ellis resigned as General Counsel and Corporate Secretary of the Company, effective upon the close of business on February 7, 2025

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Rumble Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-011371

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