Rumble Secures UAE Approval, 77% of Northern Data Shares Committed for Mid-June Merger
Rumble Inc. has secured final UAE Ministry of Economy approval for its mid-June merger with Northern Data AG, with 77% of shares already committed, including 16% tendered outside support agreements. Shareholders will receive 2.0281 Rumble Class A shares per Northern Data share in a best-and-final exchange offer ending June 1, 2026.
1. Regulatory Approval Achieved
Rumble has received final approval from the UAE Ministry of Economy for its pending business combination with Northern Data AG, marking the completion of all required regulatory reviews. No additional governmental clearances are needed, and both Northern Data’s Management and Supervisory Boards have unanimously recommended that shareholders accept the offer.
2. Exchange Offer Details
To date, shareholders representing approximately 77% of Northern Data’s outstanding shares have been secured, including 16% of shares tendered outside of transaction support agreements. Under the terms of the best-and-final exchange offer, each Northern Data share will convert into 2.0281 newly issued Rumble Class A shares without a minimum tender threshold or further increases in consideration.
3. Closing Timeline and Delisting Impact
The initial acceptance period ends May 9, 2026, with an additional window from May 15 to June 1, 2026, and closing is anticipated in mid-June 2026. Following closing, Northern Data shares will be promptly delisted, reducing liquidity and transparency for any remaining shareholders and eliminating the need for a separate delisting offer.