RUM Group issues warrant for 50,808,408 shares in unregistered deal tied to GPU services purchase

RUM Group set an unregistered equity issuance tied to a commercial deal with a U.S.-based cloud customer for GPU services.

• Binding term sheet calls for a warrant to buy up to 50,808,408 Class A shares at an exercise price of $0.01.
• Warrant vests with customer purchases under a six-year agreement covering about $13.7 billion of GPU services across three tranches.
• An additional 50% of shares can vest under expansion purchases; the unvested portion terminates if the commercial arrangement ends.
• The warrant is exercisable for 10 years by cash only, and the issuance relies on the Section 4(a)(2) private placement exemption.