M&A
confidence high
sentiment positive
materiality 0.70
RUM Group to raise Northern Data stake to ~98%, plans squeeze-out for 100%
Rumble Inc.
- Expects to acquire additional Northern Data shares from Tether, lifting ownership from 85.2% to ~98% on or about Sept 30, 2026.
- Will commence squeeze-out under German Stock Corporation Act for remaining ~2% to reach 100% ownership.
- Exchange ratio: 2.0281 RUM Class A shares per Northern Data share; Tether acquired 8,256,155 Northern Data shares on Sept 2, 2026.
- Squeeze-out price may differ from market price; formal request to follow after acquisition.
- Follows previously announced $13.7B GPU services agreement for Maysville, GA site.