M&A
confidence high
sentiment neutral
materiality 0.80
Rumble completes Northern Data AG acquisition, secures €317.5M Tether loan and issues 46.7M share warrant
Rumble Inc.
- Completed acquisition of Northern Data AG per Nov 10, 2025 Business Combination Agreement.
- Entered €317.5M secured credit facility with Tether; interest EURIBOR+3%, 5-year maturity.
- Issued pre-funded warrant to Tether for 46,719,910 Rumble shares at $0.0001/share as partial consideration.
- Tether has one-time option on first anniversary to convert entire loan into Rumble shares at higher of 10-day VWAP or $7.88/share, subject to 9.9% cap.
- Amended charter to rename from Rumble Inc. to RUM Group Inc., effective June 18, 2026.