---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-108322"
form_type: "8-K"
ticker: "RUM"
cik: "0001830081"
company_name: "Rumble Inc."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:36:12.486253+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-108322
- form_type: 8-K
- ticker: RUM
- cik: 0001830081
- company_name: Rumble Inc.
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830081/000121390025108322/0001213900-25-108322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830081/000121390025108322/ea0264742-8k425_rumble.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-108322
- JSON: https://secwatch.observer/filing/0001213900-25-108322.json
- Plain text: https://secwatch.observer/filing/0001213900-25-108322.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.