Rumble Inc. (NASDAQ: RUM) announced that 5,708,665 Northern Data AG shares were tendered during the initial acceptance period of its exchange offer, which ended May 9, 2026. Combined with shares committed under transaction support agreements, Rumble has secured approximately 81.3% of Northern Data's outstanding shares.

The video platform company will provide a final opportunity for remaining Northern Data shareholders to participate in the exchange offer during an additional acceptance period from May 15 through June 1, 2026. The exchange ratio remains 2.0281 shares of Rumble Class A common stock for each Northern Data share.

Northern Data's Management Board and Supervisory Board have unanimously recommended that shareholders accept the offer. All regulatory approvals have been received, and the offer is not subject to a minimum tender threshold.

Rumble expects to close the exchange offer in mid-June 2026. Northern Data shares will be delisted from trading promptly after closing, without requiring a separate delisting offer. Shareholders who do not tender their shares will continue to hold Northern Data shares but may face reduced liquidity and price transparency following the delisting.

The company stated that Northern Data shareholders who do not participate may not be able to sell their shares as a result of the delisting. Rumble indicated it will not enter into a domination or profit and loss transfer agreement for at least three years after closing.

Northern Data AG (ETR: NB2) provides AI and high-performance computing solutions and operates one of Europe's largest GPU clusters for high-performance computing through its Taiga Cloud business. The company has approximately 250MW of power deployed or coming online across ten global data centers by 2027.