Skip to comments.Rumble and CFVI Announce Effectiveness of S-4 Registration Statement
Posted on 08/11/2022 10:26:43 PM PDT by HKMk23
TORONTO, CANADA AND NEW YORK, NY — August 11, 2022 — Today, Rumble Inc. (“Rumble”), the fast-growing neutral video platform, and CF Acquisition Corp. VI (Nasdaq: CFVI) (“CFVI”), a publicly traded special purpose acquisition company sponsored by Cantor Fitzgerald, announced that the Securities and Exchange Commission (“SEC”) has declared effective the registration Statement on Form S-4 (“Registration Statement”) in connection with their proposed business combination.
CFVI will hold a special meeting of its stockholders via live webcast at https://www.cstproxy.com/cfacquisitioncorpvi/2022 on Thursday, September 15, 2022 at 10:00 a.m. Eastern Time for its stockholders of record as of the close of business on July 25, 2022 to vote on the proposed business combination.
Chris Pavlovski, the Founder and Chief Executive Officer of Rumble, commented, “For the first time, investors will have the opportunity to join us in our fight to defeat cancel culture and protect a free and open internet. We believe everyone benefits from access to more ideas, diverse opinions, and dialogue.”
Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and CFVI, said, “Rumble’s growth has been extraordinary. Both the number of users and user engagement have exploded. We are excited about what is ahead as Rumble becomes a public company and we can’t wait to be a part of Rumble’s future.”
Following the closing of the business combination, the combined company’s shares of common stock and redeemable warrants are expected to trade on the Nasdaq Global Market under the symbols “RUM” and “RUMBW.”
(Excerpt) Read more at corp.rumble.com ...
Well, there goes Rumble’s independence.
Or Im just jaded in my old age.
A load of banks is who they are
I had the opposite impression — competition/capitalism at work.
I kinda doubt Rumble’s ESG score is going to attract many lib investors, so the prospects of being “steered” by hostile shareholders seem remote.
“under the symbols “RUM”
Good. It’s named after my favorite drink.
It’s happening. CFVI shareholders — all hands on deck.
I don’t like the huge dilution from the earnout shares at $15 a share and $17.50 a share for non CFVI holders
Shares outstanding increase 50% to around 380,000,000
What ever happened to rumble and locals merging their tech?
Maybe they’ve done something on the locals side? I don’t follow anyone on locals. Seems like mostly subscription based. I can’t afford to pay 5/mth for each of the hundred people I’d like to follow on these various pay platforms.
“Shares outstanding increase 50% to around 380,000,000”
Interesting. SChwab lists CFVI at 38.2M shares outstanding at the moment, with institutional holdings at 19% against Market cap of about $383M.
Here’s all the latest at EDGAR:
That’s a past-tense event.
Users have already been instructed how to connect their Rumble audience with their Locals account to engage the synergy of the combination of platforms.
Just little pieces embedded on one another. I thought maybe they were going to completely revamp and meld both sites together.
I think the piecewise model is a better hedge against litigative fratricide; one platform could be assailed without crippling others.
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