Mergers & Acquisitions ·
RUM acquires additional 8.3M Northern Data shares to reach 98% stake, plans squeeze-out for full control
RUMRUM Group Inc.
On September 30, 2026, RUM Group Inc. completed the acquisition of an additional 8,256,155 shares of Northern Data AG from Tether Investments, S.A. de C.V., increasing its ownership stake from approximately 85.2% to approximately 98%. As consideration, RUM issued a pre-funded warrant entitling Tether to purchase up to 16,744,307 shares of Class A common stock at an exercise price of $0.0001 per share. The company intends to commence squeeze-out proceedings under the German Stock Corporation Act to acquire the remaining approximately 2% of Northern Data’s outstanding shares, which will result in 100% ownership. RUM Group Inc. operates in the cryptocurrency mining and digital asset infrastructure industry.