CF Acquisition Corp VI stock jumped 31% in premarket trading

CF Acquisition Corp VI stock jumped 31% in premarket trading as YouTube competitor Rumble would go public via SPAC CF Acquisition VI.

Canadian video platform Rumble Inc said it would go public by merging with blank-check firm CF Acquisition Corp VI at an initial enterprise value of $2.1 billion.

The deal is expected to provide about $400 million in proceeds to Rumble, the company said in a statement.

Upon the deal's closing, Rumble said founder and Chief Executive Officer Chris Pavlovski will retain voting control.

The combined company will be called Rumble and is expected to list on the Nasdaq.