Tender Offers for Arsov Robert
Form Type: SCHEDULE 13D/A
Filing Date: 2024-12-27
Corporate Action: Tender-offer
Type: Update
Accession Number: 000121390024112865
Comments: This Amendment No. 2 to Schedule 13D is filed by Robert Arsov regarding his ownership in Rumble Inc., relating to the Class A Common Stock. The amendment discusses transactions related to a Transaction Agreement dated December 20, 2024, between Rumble Inc. and Tether Investments Limited. Arsov has entered into a Tender and Support Agreement where he intends to tender 12,360,799 shares in the self tender offer at a price of $7.50 per share. Between November 1, 2024, and December 2, 2024, he sold 144,988 shares of Class A Common Stock. As of this filing, Arsov beneficially owns a total of 24,407,779 shares of Class A Common Stock, representing 8.3% of the outstanding shares. The report notes the ownership includes shares issuable upon exercise of options and shares placed in escrow as per the terms of the Business Combination Agreement.
Document Link: View Document
Additional details:
Owner Name: Robert Arsov
Total Shares Owned: 24407779
Ownership Percentage: 8.3
Tender Offer Price: 7.5
Shares Tendered: 12360799
Transaction Agreement Date: 2024-12-20
Sale Period Start: 2024-11-01
Sale Period End: 2024-12-02
Shares Sold: 144988