[ 1/12/21] Rumble Inc., The Neutral Video Platform, To Go Public Through Combination With Cantor Fitzgerald’s CF Acquisition Corp. VI (NASDAQ: CFVI)

Rumble ^ | 1/12/21

[Eleutheria5]

— Tremendous growth from 1.6 million average monthly active users in Q3 2020 to a record 36 million average monthly active users in Q3 2021 — 44 million monthly active users in August 2021 — Viewer engagement grew 44x from Q2 2020 to Q3 2021 to 8 billion minutes watched per month[1] — Transaction is expected to provide approximately $400 million in proceeds[2] to Rumble, including a fully committed PIPE of $100 million at $10.00 per share and $300 million of cash held in the trust account of CFVI — Transaction values Rumble at an enterprise value of $2.1 billion[3] — Rumble Founder and Chief Executive Officer to retain voting control to facilitate execution of Rumble’s neutral mission on behalf of all stakeholders

TORONTO, CANADA AND NEW YORK, NY – December 1, 2021 – Rumble Inc. (“Rumble” or “the Company”), the neutral video platform, and CF Acquisition Corp. VI (Nasdaq: CFVI) (“CFVI”), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced that they have entered into a definitive business combination agreement. After closing, which is expected in the second quarter of 2022, the combined company will be called Rumble Inc. and expects to be publicly listed on Nasdaq. Shares will trade on Nasdaq under the symbol CFVI until the closing of the transaction.

Rumble was built on the belief that all creators should have the opportunity to freely express themselves and reach their followers without censorship or restrictions.

Chris Pavlovski, the Founder and Chief Executive Officer of Rumble, said, “Rumble is designed to be the rails and independent infrastructure that is immune to cancel culture. We are a movement that does not stifle, censor, or punish creativity and believe everyone benefits from access to a neutral network with diverse ideas and opinions. We are on a mission....”

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[Eleutheria5]

Stock is currently trading at 13.31 in heavy volume even in after-hours trading, since this announcement it's up from its $10 baseline. EPS on CFVI is $0.02. It does not have options trading. I'm dipping my toe in the water, even though I'm leery of the stock market in the present crappy environment, because the establishment of an alternative platform to You Tube is exciting, and Rumble is already partnered up with Locals, another alternative platform. Getting ahold of capital is a must and CFVI looks like it has that.

[janetjanet998]

VIDEO: Cantor Fitzgerald CEO: Trumps Truth Social working with RUMBLE
https://rumble.com/vq6z8x-cantor-fitzgerald-ceo-trumps-truth-social-working-with-rumble.html?mref=kkgl3&mc=3chow

[Eleutheria5]

Better-er and better-er.

[beef]

I would prefer that Rumble be in the private hands of a committed First Amendment supporter. Publicly traded companies seem to be at the mercy of activists with 1 share of stock and an ax to grind.

[9YearLurker]

So Trump’s company is using the Rumble platform.

Kind of makes one curious as to what they will be spending their approximately $1B raised on.

[Starboard]

Very insightful comment.

Some activists will no doubt try to push the woke agenda but all the more reason for shareholders who believe in free speech to take a stake in the company.

[nevadapatriot]

So much for Rumble, was ok while it lasted.

[LeoTDB69]

The beginning of the fall...

[Eleutheria5]

That’s enough to purchase CFVI outright twice. I think it will go to some good use.

[PistolPaknMama]

Rumble needs to give us more features, like watch later and history. I find stuff I want to watch later on the TV, but there’s no way to flag it.

[Eleutheria5]

Definitely needs more features. It’s frustrating as hell right now.

[Cen-Tejas]

........who knows where this huge capital infusion will end up but I hope it ultimately ends up that certain players like U Tube, owned by the marxist led Google , have to fold their tent and take one BIG ONE in their south side.

Google (now Alphabet) is currently worth over a Trillion dollars but, I’m reminded that their own Video company, Google Video, didn’t do so well. So, there’s hope Rumble and Trump will kick em in the ass. And, we all know they have a BIG ONE coming !!!

[spacejunkie2001]

CNN :)

[logi_cal869]

So long as the tech giants don’t get their tentacles into it, this is awesome news.

[Eleutheria5]

I suspect that Trump will buy 51% of the company for about 300M, and thereby safeguard it from takeovers. Then, when he runs, find a reliable trustee to run a blind trust to avoid any conflicts of interest. His other 700M might go towards upgrading Rumble and campaigning. That’s what I would do, anyway.

[Eleutheria5]

“CNN :)”

LOL. It’s a money pit. He can buy it cheap and fire all the idiots. Then when it starts presenting real journalism and the stock goes up, he can sell it at a profit and donate a tithe to benefit impoverished, unemployable CNN morons like Jim Acosta, Jeff Tubin, Don Lemon and Chris Cuomo, and teach them some marketable skills, such as auto repair, truck driving or farming.

[Socon-Econ]

I would prefer that Rumble be in the private hands of a committed First Amendment supporter. Publicly traded companies seem to be at the mercy of activists with 1 share of stock and an ax to grind.
***********
Exactly. What’s to stop leftists from taking over here as they did the others?