secwatch.observer — SEC 8-K summary
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Issuer:     Rumble Inc. (RUM)
CIK:        0001830081
Form:       8-K/A
Filed at:   2026-08-28T20:14:17+00:00
Accession:  0001213900-26-095047
Event type: m_and_a
Sentiment:  negative
Materiality: 0.95
Item codes: 9.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Rumble acquires ~85.2% of Northern Data AG for $1.52B; pro forma net losses widen sharply
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- Consideration $1.52B: 59.3M Class A shares + 98.3M pre-funded warrants at $7.29/share + $366.6M note payable.
- Exchange ratio 2.0281 RUM shares per NDAG share; goodwill $411.5M; non-controlling interest $93.3M.
- Pro forma 6mo 2026: revenue $168.2M, net loss $541.4M; FY2025: revenue $194.3M, net loss $742.2M.
- Acquisition of AI/HPC infrastructure to accelerate cloud business; closed June 17, 2026.
- Note payable bears 3-mo EURIBOR+3%; pro forma includes additional depreciation and amortization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830081/000121390026095047/0001213900-26-095047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830081/000121390026095047/ea0303717-8ka1_rumgroup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-095047

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