$Rumble (RUM.US)$ Trading details Investment: Tether has...

$Rumble (RUM.US)$ Trading details

Investment: Tether has agreed to purchase 103,333,333 Rumble Class A common shares at a price of $7.50 per share, providing a total revenue of 0.775 billion dollars to Rumble. The company will use 0.25 billion dollars of the revenue to support growth plans.

Self-tender Offer: Utilizing the remaining total revenue, the company will provide funding for a self-tender offer for up to 70 million shares of Rumble Class A common stock at a net price of $7.50 per share, to be paid in cash to the holders. All holders of Rumble Class A common shares are eligible to participate in the offer on the same terms. Some Rumble shareholders have already signed support agreements, committing to tender a total of 70 million shares, subject to the same conditions. Proportional allocation and other terms of the offer apply to all participating Rumble shareholders. Chris Pavlovski has committed to tender and does not intend to sell more than 10 million shares of Class A common stock in the offer.

Completion Conditions: The investment must be completed and the offer must meet customary closing conditions, including any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

Governance: Rumble's existing board and governance structure, including the vast majority of voting control by Chris Pavlovsky, will remain unchanged after the meeting. The Trade and Tether will hold minority stakes in our issued common stocks, but have no right to designate any board members.