Video platform Rumble to go public via $2.1 bln SPAC deal

Reuters2021-12-02

Dec 1 (Reuters) - Canadian video platform Rumble Inc said on Wednesday 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.

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ndut88
2021-12-02
ndut88
Wow
- jgaldon:
  uuuuu
- LemonTrader:
  Ok

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