Rumble Reports Initial Success in Northern Data Exchange Offer

Rumble Inc. has revealed the initial results of its exchange offer for Northern Data AG, securing approximately 81.3% of outstanding shares. The initial acceptance period closed with 5,708,665 shares tendered. Shareholders have until June 1, 2026, to participate in the additional acceptance period.

The exchange ratio remains at 2.0281 Rumble shares per Northern Data share. Northern Data's management fully endorses the offer. Expected to close in mid-June 2026, the deal will lead to Northern Data’s delisting, affecting liquidity and price transparency for remaining shares.

Rumble aims to integrate Northern Data to strengthen its position in AI and cloud services while offering shareholders a stake in the combined company's growth. The exchange offer has received all necessary regulatory approvals.