Mergers & Acquisitions ·
RUM Group Inc. announced on September 10, 2026, that it expects to acquire additional outstanding shares of Northern…
RUMRUM Group Inc.
RUM Group Inc. announced on September 10, 2026, that it expects to acquire additional outstanding shares of Northern Data AG from Tether Investments, S.A. de C.V., increasing its ownership stake from 85.2% to approximately 98%. The acquisition will occur around September 30, 2026, pursuant to a Transaction Support Agreement dated November 10, 2025, involving an exchange ratio of 2.0281 RUM Class A common stock shares for each Northern Data share delivered. Following this transaction, RUM Group intends to commence squeeze-out proceedings under the German Stock Corporation Act to acquire the remaining approximately 2% of outstanding shares and achieve 100% ownership. This move consolidates control over Northern Data, a leading provider of AI and high-performance computing infrastructure, which is central to RUM Group's Quake AI business that delivers AI compute as a service through GPU and CPU data centers.