Rumble (NASDAQ:RUM) has secured one Strategic investment of $775 million from Tether ($USDT), the largest digital asset company and stablecoin provider. The transaction assigns 250 million dollars for growth initiatives, with the remaining funds earmarked for a self-tender offer for up to 70 million shares of Rumble’s Class A common stock $7.50 per share.
Tether will purchase 103,333,333 shares at a price of $7.50 per share. CEO Chris Pavlovski retains his majority stake and has committed to offering no more than 10 million shares. The transaction, which is expected to close in the first quarter of 2025, will maintain Rumble’s existing board and governance structure, with Tether holding a minority stake with no representation rights on the board.
Rumble (NASDAQ:RUM) Ha ottenuto un Strategic investment of $775 million with Tether ($USDT), the largest digital asset and stablecoin provider. The target transaction 250 million dollars An initiative from Crescita with which I dedicated a public offer to them to leave them until then 70 million Asia The ordinary Class A classes of Rumble a $7.50 per day.
The Tether purchase took 103,333,333 months and cost $7.50 per day. The CEO Chris Pavlovski has taken over his management shareholding and is committed not to sell more than 10 million euros. The transaction, carried out in the first quarter of 2025, monitored Rumble’s current contracts and governance structure, with Tether intended to achieve a subordinate position without those responsible being represented in the contract.
Rumble (NASDAQ:RUM)…
