Rumble Submits Draft Registration Statement in Relation to Northern Data Merger
MT Newswires Live
Jan 07
Rumble (RUM) said late Tuesday it confidentially submitted a draft registration statement related to its business combination with Northern Data.
The draft includes a preliminary joint information statement, which is yet to be declared effective by the US Securities and Exchange Commission, according to the company.
Under the merger agreement, Rumble will submit a voluntary public exchange offer to all Northern Data shareholders, the company said.
The business combination will enable the company to expand its cloud business, offer a considerable revenue growth opportunity, and accelerate its creator, video, and advertising AI roadmap, according to a statement.
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