— Tremendous growth from 1.6 million average monthly active users in
Q3 2020 to a record 36 million average monthly active users in Q3 2021
— 44 million monthly active users in August 2021
— Viewer engagement grew 44x from Q2 2020 to Q3 2021 to 8 billion minutes watched per month[1]
— Transaction is expected to provide approximately $400 million in proceeds[2]
to Rumble, including a fully committed PIPE of $100 million at $10.00
per share and $300 million of cash held in the trust account of CFVI
— Transaction values Rumble at an enterprise value of $2.1 billion[3]
—
Rumble Founder and Chief Executive Officer to retain voting control to
facilitate execution of Rumble’s neutral mission on behalf of all
stakeholders
Rumble Inc. (“Rumble” or “the Company”), the neutral video platform, and CF Acquisition Corp. VI (Nasdaq: CFVI) (“CFVI”), a special purpose acquisition company sponsored by Cantor Fitzgerald,
today announced that they have entered into a definitive business
combination agreement. After closing, which is expected in the second
quarter of 2022, the combined company will be called Rumble Inc. and
expects to be publicly listed on Nasdaq. Shares will trade on Nasdaq
under the symbol CFVI until the closing of the transaction.
Rumble was built on the belief that all creators should have the opportunity to freely express themselves and reach their followers without censorship or restrictions.
More @ Rumble
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