MergerMay 5, 2026, 07:32 AM
Rumble's Northern Data Merger Gets Final Approval; 77% Shares Secured
AI Summary
Rumble Inc. announced that its proposed business combination with Northern Data AG has received final regulatory approval from the United Arab Emirates Ministry of Economy, completing all necessary regulatory steps. As of May 4, 2026, approximately 77% of Northern Data's outstanding shares are secured, including 16% of shares not subject to transaction support agreements that have already been tendered. The offer, which is Rumble's best and final, provides 2.0281 shares of Rumble Class A common stock for each Northern Data share and is not contingent on a minimum tender threshold. Northern Data's shares are expected to be delisted promptly after the closing, which is anticipated in mid-June 2026.
Key Highlights
- Rumble's proposed business combination with Northern Data AG received final regulatory approval from the UAE Ministry of Economy.
- Approximately 77% of Northern Data's outstanding shares are now secured, including 16% of shares not subject to transaction support agreements already tendered.
- Each Northern Data shareholder will receive 2.0281 newly issued shares of Rumble Class A common stock for each Northern Data share.
- This is Rumble's best and final offer, with no increase in consideration, and is not conditioned on a minimum tender threshold.
- The initial acceptance period ends on May 9, 2026, with an additional tender offer acceptance period expected from May 15 to June 1, 2026.
- Northern Data's Management Board and Supervisory Board unanimously recommend shareholders accept the offer.
- Northern Data shares will be delisted promptly following the closing of the tender offer, which is expected in mid-June 2026.