Given the current stock price, it is fairly likely that these 105 million shares will flow to current Rumble shareholders. As expected, CFVI shareholders voted in favor of the merger with Rumble. The actual results of the votes will be filed within four days in an 8-K SEC filing. On Monday, CFVI shares will start trading under the ticker symbol “RUM.” Current CFVI shareholders do not have to take any action, but shareholders should be aware that some brokers may still use CFVI on their accounts for a few days as they make appropriate adjustments.

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding Rumble’s and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to assumptions, risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

  1. The documents filed by CFVI with the SEC also may be obtained free of charge upon written request to CF Acquisition Corp.
  2. All investments can fall as well as rise in value so you could lose some or all of your investment.
  3. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions.
  4. Those who elected to redeem will get about $10 cash under this redemption provision.
  5. Rumble’s mission is to restore the Internet to its roots by making it free and open once again.

Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed transaction between CFVI and Rumble. Such forward-looking statements include, how to become a successful java developer but are not limited to, statements regarding the closing of the transaction and CF VI’s, Rumble’s, or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. CFVI and Rumble announced on December 1, 2021, that they entered into a definitive business combination agreement.

According to the order, the parties have suggested the trial start on November 4, 2024. There are other key dates, in my opinion, that are important to this case. The discovery period already began on September 9 and the deadline to complete fact discovery is December 15, 2023, but this is “subject to any additional discovery allowed by Court in response to Motion https://www.forexbox.info/how-to-make-money-in-stocks/ to Compel.” I expect many motions to compel Google to provide requested information/data to be filed by Rumble. Google is unlikely to be very responsive to give Rumble their algorithms. To Google, this is akin to forcing Coca-Cola to give up the recipe for Coke, in my opinion. Another key date is the deadline to complete expert discovery by May 17, 2024.

CF Acquisition Shareholders Approve Rumble SPAC Merger After Shares Soared

This could have a huge positive impact on Rumble and a modestly negative impact on Google’s YouTube website. The fact that Judge Gilliam did not dismiss this case last July (text of dismissal motion) indicates to me that he is open to compelling Google to provide certain information, because the judge knew that to continue this case would require extensive sensitive discovery. One of the buckets is going to be programmatic advertising, kind of typical to what you see on YouTube and on these other platforms. On the other bucket, what I think is going to be unique to Rumble and is going to create an advantage for Rumble is that creators and brands are now going to have the ability to work together to create sponsorships and live reads with their content. I believe this bucket is going to be the largest bucket of revenue for Rumble in the future.

Participants in the SolicitationCFVI, Rumble and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from CFVI’s stockholders in connection with the proposed transaction. A list of the names of such directors and executive officers, and information regarding their interests in the business combination and their ownership of CFVI’s securities are, or will be, contained in CFVI’s filings with the SEC. Additional information regarding https://www.forex-world.net/blog/ the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph. “Today marks an amazing milestone for our company, and one that I have been looking forward to for a long time,” said Chris Pavlovski, Founder and Chief Executive Officer of Rumble.

The stock rose by more than 7% on the day, bolstered by the news that it’s getting its organizational ducks in order. Rumble makes money from advertising revenue and fees from licensing its videos to brands and media publishers. As of this writing, CFVI stock has risen by almost 17% within the first two hours of trading today.

New Positive Rumble Numbers

News of the Rumble SPAC merger broke yesterday after close of markets. When trading began today, CFVI immediately shot up by almost 44%. Although its come down a bit since then, the stock seems to be on its way to rising further. CF Acquisition is slated to convene a special meeting of shareholders to approve the “business combination” of itself with Rumble tomorrow, Sept. 15, at 10 a.m.

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Rumble’s strategy is currently focused on continuing its explosive growth in users and user engagement, as well as building the tools that will enable future monetization of this consumption. Current CFVI shareholders need to understand that under the terms of the merger there is going to be the potential for massive dilution. There could be an additional 105 million shares given to current Rumble shareholders (not current CFVI retail shareholders). They get 50% of the 105 million if going forward RUM trades above $15 for 20 days within a 30-day-period and another 50% of 105 million shares if RUM trades above $17.50 for 20 days within a 30-day-period. These shares are given, or, as they term them, “earned” – they do not raise additional cash.

Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Rumble. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Rumble assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Rumble does not give any assurance that it will achieve its expectations.

About RumbleRumble is a high growth neutral video distribution platform. Rumble has created rails and independent infrastructure that are immune to cancel culture. Cantor Fitzgerald, with over 12,000 employees, is a leading global financial services group at the forefront of financial and technological innovation and has been a proven and resilient leader for 77 years. Cantor Fitzgerald is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, SPAC underwriting and PIPE placements, prime brokerage, and commercial real estate on its global distribution platform. Cantor Fitzgerald & Co. is one of 24 primary dealers transacting business with the Federal Reserve Bank of New York. The transaction has been unanimously approved by the board of directors of CFVI, as well as the board of directors of Rumble, and is expected to close during the second quarter of 2022, subject to the Registration Statement being declared effective by the SEC, approval by CFVI and Rumble shareholders, and other customary closing conditions.