Northern Data Enters Into Business Combination Agreement With Rumble

Northern Data AG has entered into a business combination agreement with Rumble, which includes a potential cash payment of up to USD 200 million for Northern Data shareholders. Rumble will make a tender offer for 100% of Northern Data shares, with Tether and affiliates supporting the agreement by owning 72% of shares. Shareholders who tender their shares will receive 2.0281 shares of newly issued Rumble Class A common stock, and Rumble will also acquire Northern Data’s EUR 610 million shareholder loan.