Rumble Inc. Completes Successful Exchange Offer for Northern Data AG
June 8, 2026 – Rumble Inc. (NASDAQ: RUM), a leading video platform and cloud services provider, has announced the final results of its exchange offer aimed at acquiring all outstanding shares of Northern Data AG (ETR: NB2). The transaction has been met with significant enthusiasm from Northern Data’s shareholders, reflecting a strong endorsement of the strategic vision behind the merger.
1. High Acceptance Rate Signals Shareholder Confidence
Rumble’s exchange offer saw a total of 8,174,379 shares tendered, which amounts to 46.2% of the shares not subject to transaction support agreements. When factoring in those committed under transaction support agreements, Rumble has successfully secured approximately 85.2% of Northern Data’s outstanding shares. This high acceptance rate underscores the confidence that Northern Data shareholders have in Rumble's strategic objectives and operational capabilities.
2. Key Transaction Details
The additional acceptance period for the exchange offer concluded on June 1, 2026, and Rumble has confirmed that the offer can no longer be accepted. All necessary regulatory approvals for the transaction have been secured, and the closing of the exchange offer is anticipated to occur in mid-June 2026, pending the fulfillment or waiver of remaining conditions.
Following the closing of the tender offer, Northern Data is expected to file for termination of its shares' inclusion in trading on the Munich stock exchange's m:access segment. Notably, a separate delisting offer will not be required, streamlining the transition process for both companies.
3. Strategic Rationale Behind the Acquisition
The merger is framed by a compelling strategic rationale. The combination of Rumble and Northern Data is set to establish a formidable, independent entity in the fields of AI computation, cloud infrastructure, and digital video innovation. Rumble aims to leverage Northern Data’s advanced technology and capabilities to build an integrated platform that can compete effectively on a global scale.
Rumble’s CEO expressed confidence that this union will not only enhance the technological prowess of both companies but also position them as leaders in the rapidly evolving landscape of AI and cloud services.
4. About Rumble Inc.
Founded in 2013 and headquartered in Longboat Key, Florida, Rumble is recognized as a high-growth neutral video platform and cloud services provider. Its diverse product offerings include Rumble Video, Rumble Studio, Rumble Advertising Center (RAC), Rumble Wallet, and Rumble Cloud, which cater to various needs in video sharing, livestreaming, advertising, and cloud infrastructure.
5. About Northern Data AG
Northern Data AG is a premier provider of full-stack AI and High-Performance Computing (HPC) solutions. It boasts one of Europe’s largest GPU clusters through its Taiga Cloud business and is expanding its capabilities through its Ardent Data Centers. With a focus on cutting-edge technology, Northern Data supports innovative companies across the globe.
6. Conclusion
The successful completion of the exchange offer marks a significant milestone for Rumble Inc. as it embarks on a transformative journey to redefine its market position. With a clear vision and strong shareholder support, the combined entity is poised to make substantial contributions to the realms of artificial intelligence and cloud computing, ensuring that it remains at the forefront of technological advancement.
For further details about the acquisition, investors and stakeholders can visit Rumble’s dedicated offer website.
