Rumble Announces $775 Million Strategic Investment from Tether

Core Viewpoint - Rumble has entered into a definitive agreement for a strategic investment of $775 million from Tether, aimed at enhancing its growth initiatives and providing liquidity to stockholders through a self tender offer [5][18]. Transaction Details - Tether will purchase 103,333,333 shares of Rumble Class A Common Stock at a price of $7.50 per share, totaling $775 million in gross proceeds [8]. - The investment and tender offer are expected to close in the first quarter of 2025 [10]. - The completion of the investment is subject to customary closing conditions, including regulatory approvals [9]. Use of Proceeds - Rumble will allocate $250 million of the proceeds to support growth initiatives, while the remaining funds will be used for a self tender offer for up to 70 million shares of its Class A Common Stock at the same price as Tether's investment [18][19]. Governance and Control - Following the transaction, Rumble's existing Board and governance structure will remain unchanged, with Chris Pavlovski retaining his controlling stake in the company [20]. Strategic Alignment - The collaboration between Rumble and Tether reflects shared values of decentralization, independence, and transparency, positioning Rumble as a credible alternative to legacy media [19].