Rumble to acquire Germany's Northern Data AG via stock exchange; Tether backs with $400M equity and services deals

Rumble Inc.

Rumble to offer 2.0281 of its Class A shares per Northern Data share; potential $200M cash add-on contingent on Corpus Christi data center sale.
Tether, largest ND shareholder with 41.9M shares, supports deal with equity commitments totaling $400M for tax liabilities.
Post-close, Tether commits to $75M/yr GPU services and $50M/yr marketing agreements with Rumble over initial two-year terms.
€603M Tether loan to Northern Data transferred to Rumble subsidiary; half exchanged for Rumble shares at $7.88, half as new loan.
Closing subject to BaFin, regulatory, and no-insolvency conditions; drop-dead date Dec 31, 2026; Tether's ownership capped at 9.9% voting power.

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