RUM Group issues warrant for up to 16,744,307 Class A shares in placement to Tether
RUM•RUM Group issued Tether a pre-funded warrant for up to 16,744,307 Class A shares at $0.0001 per share as consideration for acquiring 8,256,155 Northern Data shares, raising its stake to about 98%.
1. Warrant and stake increase
RUM Group completed the private placement issuance of the pre-funded warrant to Tether on September 30, 2026. The warrant allows Tether to purchase up to 16,744,307 Class A shares at an exercise price of $0.0001 per share. The acquisition of 8,256,155 Northern Data shares raised RUM Group’s stake from about 85.2% to about 98%.
2. Planned squeeze-out
RUM Group plans to use squeeze-out proceedings under German law to acquire the remaining roughly 2% of Northern Data shares.
