Rumble Inc. (NASDAQ: RUM) announced it has secured approximately 85% of Northern Data AG's outstanding shares through its exchange offer, with 46% of shares not subject to transaction support agreements being tendered.

A total of 8,174,379 Northern Data shares were tendered in the offer, representing 46.2% of shares not committed under existing transaction support agreements. The additional acceptance period expired on June 1, 2026, and the exchange offer is no longer open for acceptance.

The closing of the exchange offer is expected in mid-June 2026, subject to satisfaction or waiver of remaining offer conditions. All regulatory approvals have been received, according to the company's statement.

Northern Data is expected to file for termination of its shares' inclusion in trading on the Munich stock exchange's m:access segment immediately following the closing. A separate delisting offer will not be required.

Rumble described the transaction as following a strategic rationale to drive the combined company toward becoming a force in AI computation, cloud infrastructure, and digital video innovation. The companies stated the combination will form an integrated AI and cloud platform.

Rumble operates a video platform and cloud services, while Northern Data AG (ETR: NB2) provides AI and High-Performance Computing solutions through GPU-based technology. Northern Data operates the Taiga Cloud business and Ardent Data Centers, with approximately 250MW of power deployed or coming online across ten global data centers by 2027.

The information is based on a press release statement from Rumble Inc.