DLA Piper Canada acted for Rumble Inc. in completion of business combination with CF Acquisition Corp. VI
On September 16, 2022, Rumble Inc. ("Rumble"), the neutral video-sharing platform, and CF Acquisition Corp. VI (Nasdaq: CFVI) announced the completion of their previously announced business combination. DLA Piper Canada acted for Rumble in this transaction.
The business combination was approved at a special meeting of stockholders of CFVI on September 15, 2022. The combined company will operate as Rumble Inc. going forward and its common shares and warrants are now trading on the NASDAQ Stock Exchange under the ticker symbols "RUM" and "RUMBW" respectively. The transaction provides Rumble with approximately $400 million in gross proceeds, including approximately $85 million of proceeds from a PIPE financing, $15 million from a Forward Purchase Investment, and approximately $300 million of cash held in a trust account.
Read more about the business combination here.
Noam Goodman and Russell Drew led the DLA Piper Canada team with assistance from Kevin Fritz, Derek Bell, Amanda Vogeli, Sangeetha Punniyamoorthy, Kevin Wright, Stephen Viscomi, Katelyn Ellins, Grace Latimer, Brendon Smith, Yue Liu and Jenny Du.
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 12 consecutive years, according to Mergermarket.