Tender Offer - Arsov Robert

Add to your watchlist
Back to List of Tender Offers

Form Type: SCHEDULE 13D/A

Filing Date: 2025-02-11

Corporate Action: Tender-offer

Type: Update

Accession Number: 000121390025012466

Filing Summary: Amendment No. 3 to Schedule 13D filed by Robert Arsov relates to the Class A Common Stock of Rumble Inc. The amendment discloses that Mr. Arsov exercised options for 5,012,242 shares and sold a total of 12,349,025 shares (including those exercised) in a self-tender offer by the Issuer that closed on February 11, 2025, at a price of $7.50 per share. This results in Mr. Arsov beneficially owning 12,067,944 shares of Class A Common Stock, representing 3.6% of outstanding shares as of the date of filing. Further, it details the vesting conditions and escrow arrangements related to some shares. The amendment is supplementary to previous filings and clarifies share ownership and transactions related to the Issuer.

Additional details:

Class A Common Stock Exercised: 5012242

Class A Common Stock Sold: 7337783

Tender Offer Price: 7.50

Beneficial Ownership: 12067944

Percentage Ownership: 3.6

Form Type: SCHEDULE 13D/A

Filing Date: 2024-12-27

Corporate Action: Tender-offer

Type: Update

Accession Number: 000121390024112865

Filing Summary: 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.

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

Comments

No comments yet. Be the first to comment!