Rumble receives final regulatory approval for Northern Data acquisition

Rumble Inc. (NASDAQ: RUM) received final regulatory approval for its proposed business combination with Northern Data AG (ETR: NB2) after the United Arab Emirates Ministry of Economy completed its review on April 29, 2026, according to a company statement.

The exchange offer has secured approximately 77% of Northern Data's outstanding shares, comprising shares committed under transaction support agreements plus 16% of remaining shares that have been tendered. The offer provides 2.0281 newly issued Rumble Class A common stock shares for each Northern Data share tendered.

The acceptance period ends May 9, 2026, followed by an additional tender period expected to run from May 15 to June 1, 2026. Northern Data's Management Board and Supervisory Board unanimously recommend shareholders accept the offer.

The offer requires no minimum tender threshold and represents Rumble's final offer with no planned increases to consideration. Northern Data shares will be delisted promptly following the transaction's closing, expected in mid-June 2026.

Shareholders who do not tender will retain Northern Data shares but face reduced liquidity and price transparency after delisting. Rumble stated it will not enter domination or profit transfer agreements for at least three years post-closing.

Northern Data operates GPU clusters for high-performance computing in Europe through its Taiga Cloud business and has approximately 250MW of power deployed across ten global data centers through 2027 via its Ardent Data Centers division.

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