CF Acquisition Corp. VI Completes Business Combination with Rumble Inc.
September 16, 2022
Rumble Inc. completed its previously announced business combination with CF Acquisition Corp. VI, resulting in Rumble becoming a publicly traded company on NASDAQ under the ticker symbols RUM and RUMBW. The transaction provided Rumble with approximately $400 million in gross proceeds (including an $85 million PIPE and a $15 million forward purchase), which the company said will fund product and infrastructure development, creator recruitment, marketing, team expansion and future acquisitions.
- Buyers
- CF Acquisition Corp. VI, PIPE investors (unnamed)
- Targets
- Rumble Inc.
- Industry
- Media & Entertainment
- Location
- Ontario, Canada
- Transaction Type
- Growth capital
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