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.

RUM Group Inc. completed a business combination with Northern Data AG and entered into a secured five-year credit agreement with Tether Investments, S.A. de C.V. for a facility of €317,533,400.90. The facility bears interest at EURIBOR plus 3.00% p.a. and includes a one-time conversion right for Tether to convert the facility into Rumble Class A common stock at a price equal to the greater of the 10-day VWAP or $7.88 per share. As consideration for the transfer of a loan receivable, the company issued a pre-funded warrant to Tether for up to 46,719,910 shares at $0.0001 per share. RUM Group Inc. is a technology company that provides video hosting and streaming services.

Rumble Inc. completed a business combination with Northern Data AG, acquiring approximately 85.2% of Northern Data's outstanding shares through an exchange offer and transaction support agreements. The company issued 16,578,459 shares to Northern Data shareholders and 42,768,485 shares to TSA Sellers, alongside several pre-funded warrants to Tether. Rumble Inc. operates in the video and content delivery network industry, providing online video sharing and advertising services.