Rumble Secures 85.2% of Northern Data Shares, Closing Mid-June
RUM•Rumble secured approximately 85.2% of Northern Data shares through its exchange offer, including 8,174,379 shares representing 46.2% of shares not subject to support agreements. The offer closed June 1, 2026, and the transaction is expected to close mid-June 2026 followed by immediate delisting of Northern Data shares.
1. Exchange Offer Results
Rumble’s exchange offer for Northern Data shares yielded 8,174,379 tenders, representing 46.2% of shares not bound by support agreements. When combined with commitments under transaction support agreements, Rumble has secured approximately 85.2% of Northern Data’s outstanding shares, exceeding its acceptance threshold.
2. Closing and Delisting Plans
All required regulatory approvals have been obtained, and the exchange offer can no longer be accepted. The transaction is set to close in mid-June 2026, after which Rumble will immediately file to terminate Northern Data’s trading on the Munich Stock Exchange without a separate delisting offer.
3. Strategic Rationale
The acquisition aims to integrate Northern Data’s high-performance computing and GPU infrastructure with Rumble’s cloud and video platform offerings. Together, the combined entity will pursue leadership in AI computation, cloud services and digital video innovation with enhanced scale and balance sheet strength.
