Rumble Announces $775 Million Strategic Investment from Tether
Rumble Inc. - Class A (RUM)
Company Research
Source: GlobeNewswire
Transaction Unifies Two Leaders in Decentralization, Rumble CEO Retains Controlling Stake Strategic Investment Results in Mission-Aligned Investor and Supporter Rumble Will Use $250 Million of Proceeds to Further Solidify Balance Sheet and Accelerate Growth Initiatives Remaining Proceeds Will Be Used to Fund Self Tender Offer for up to 70 Million of Rumble’s Class A Common Stock to Provide Liquidity to Stockholders at Same Price as Tether Investment LONGBOAT KEY, Fla., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM) (“Rumble” or the “Company”), the video-sharing platform and cloud services provider, announced today that it has entered into a definitive agreement for a strategic investment of $775 million from Tether ($USDT) (“Tether”), the largest company in the digital assets industry and the most widely used dollar stablecoin across the world with more than 350 million users. Over the last few years, Tether has become one of the most recognized symbols for financial incl
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RUM
News
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- Rumble Inc. (RUM) Expands Cloud Infrastructure with Major Clients [Yahoo! Finance]Yahoo! Finance
- Rumble Sues California Over Censorship LawGlobeNewswire
- Rumble Announces Bitcoin Treasury StrategyGlobeNewswire
RUM
Earnings
- 11/12/24 - Miss
RUM
Sec Filings
- 12/20/24 - Form 8-K
- 12/13/24 - Form 424B3
- 12/13/24 - Form 8-K
- RUM's page on the SEC website