Rumble exchange offer for Northern Data expires June 1

Rumble Inc. (NASDAQ: RUM) announced its exchange offer to acquire Northern Data AG will expire on June 1, 2026 at 06:01 Frankfurt time without extension.

The company stated this represents its final offer for Northern Data shareholders to tender their shares. Northern Data's Management Board and Supervisory Board have unanimously recommended shareholders accept the offer.

Under the exchange terms, each Northern Data shareholder receives 2.0281 newly issued shares of Rumble Class A common stock for each Northern Data share tendered. The offer includes standard settlement mechanisms for fractional shares.

Rumble reported that all regulatory approvals have been received and the offer is not subject to a minimum tender threshold. The company expects closing by mid-June 2026, with delisting of Northern Data shares to follow.

Northern Data AG (ETR: NB2) operates as a provider of AI and high-performance computing solutions through its Taiga Cloud and Ardent Data Centers businesses. The company has approximately 250MW of power capacity across ten global data centers scheduled by 2027.

Rumble describes itself as a video platform and cloud services provider, offering products including video sharing, livestreaming services, advertising marketplace, crypto wallet integration, and infrastructure-as-a-service solutions. The company was founded in 2013 and is based in Longboat Key, Florida.

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