RUM Group boosts Northern Data stake to ~98% after Tether share purchase

Rumble Inc.

Completed acquisition of 8,256,155 Northern Data shares from Tether under the Nov. 10, 2025 Transaction Support Agreement.
Issued Tether a pre-funded warrant for up to 16,744,307 Class A shares at $0.0001 per share, an offer ratio of 2.0281.
Ownership in Northern Data rose from approximately 85.2% to 98%; RUM plans a German squeeze-out for the remaining approximately 2%.
Pre-Funded Warrant issued in a private placement under Section 4(a)(2) and/or Rule 506(b) without Securities Act registration.

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