BRIEF-Rumble Announces $775 Million Strategic Investment From Tether

Reuters12-21 07:32

Dec 20 (Reuters) - Rumble Inc RUM.O:

RUMBLE ANNOUNCES $775 MILLION STRATEGIC INVESTMENT FROM TETHER
RUMBLE INC - TO USE $250 MILLION FOR GROWTH INITIATIVES
RUMBLE INC: WILL USE $250 MILLION OF PROCEEDS TO FURTHER SOLIDIFY BALANCE SHEET AND ACCELERATE GROWTH INITIATIVES
RUMBLE INC - CHRIS PAVLOVSKI TO RETAIN CONTROLLING STAKE IN RUMBLE
RUMBLE INC - REMAINING PROCEEDS TO FUND SELF TENDER OFFER FOR 70 MILLION SHARES OF CLASS A COMMON STOCK
RUMBLE: TETHER TO OWN MINORITY POSITION OUTSTANDING CO'S COMMON STOCK BUT TO NOT HAVE RIGHT TO DESIGNATE ANY MEMBERS OF BOARD

Source text: ID:nGNX5t4WZ9

Further company coverage: RUM.O

((Reuters.Briefs@thomsonreuters.com;))

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