- SPAC CF Acquisition VI ( NASDAQ: CFVI ), which agreed in December to take YouTube competitor Rumble public , announced that its S-4 registration statement has been declared effective by the SEC.
- CFVI will hold a special meeting of its holders on Sept. 15 to vote on its combination with Rumble, according to a statement. The business combination is expected to close shortly after the special meetings of the stockholders of CFVI and Rumble.
- Following the closing of the deal, the combined company's shares of common stock and redeemable warrants are expected to trade on Nasdaq under the ticker "RUM."
- Rumble and SPAC CFVI ( CFVI ) have gained attention this year after the alternative YouTube platform announced a deal with former President Donald Trump's social media company and his platform Truth Social. Trump's media company is also going public through a deal with SPAC Digital World Acquisition ( DWAC ).
- The deal take Rumble public was valued at about $2.1 billion when it was announced in early December. Rumble’s video platform has become increasingly popular with conservative content makers.
- Rumble received a lot of attention earlier this year when CEO Chris Pavlovski offered the controversial podcast host Joe Rogan a $100M contract to join the platform and leave Spotify ( SPOT ).
For further details see:
Rumble SPAC CFVI says S-4 filing declared effective by SEC, vote set for Sept. 15