cfvi - CFVI STOCK NEWS

Rumble Inc. and CF Acquisition Corp. VI have completed their business combination, set to trade under the symbol 'RUM' on NASDAQ starting September 19, 2022. The merger provides Rumble with approximately $400 million in gross proceeds, including $85 million from PIPE financing. Remarkably, Rumble retained nearly all cash in trust with only 0.1% redemptions. The net proceeds will support content creator acquisition, infrastructure development, and marketing initiatives. Rumble's CEO views this as a significant milestone and a testament to investor confidence.

CF Acquisition Corp. VI (Nasdaq: CFVI) announced that its stockholders approved the business combination with Rumble Inc. on September 15, 2022. Only 0.1% of CFVI’s 30 million public shares were redeemed, paving the way for the merger. The transaction is expected to close shortly, allowing Rumble to commence trading on NASDAQ under the new ticker symbol 'RUM' on September 19, 2022. This merger positions Rumble as a significant player within the video platform sector, promoting its mission of a free and open internet.

Rumble Inc. announced its Board of Director nominees in conjunction with its impending merger with CF Acquisition Corp. VI (CFVI), set for approval at a stockholder meeting on September 15, 2022. The nominees include Chris Pavlovski (CEO), Nancy Armstrong (Independent), Paul Cappuccio (Independent), Robert Arsov (Independent), Ryan Milnes (Non-Independent), and Ethan Fallang (Independent). This transition aims to enhance leadership as Rumble continues to expand its video-sharing platform. The business combination is designed to create a robust infrastructure resistant to cancel culture and support independent content creation.

On September 13, 2022, Chris Pavlovski, CEO of Rumble, and Howard W. Lutnick, CEO of CF Acquisition Corp. VI (CFVI), engaged in a dialogue regarding their strategic partnership. Rumble is a burgeoning video platform focused on free expression, while CFVI is a special purpose acquisition company. They reaffirmed the definitive business combination agreement announced in December 2021, aimed at facilitating Rumble's growth. The press release emphasizes the completion of necessary regulatory filings and encourages stakeholders to review associated documents for detailed transaction insights.

Russell Brand has chosen Rumble as his primary video platform, launching a daily livestream titled Stay Free on September 28, 2022. The show will air weekdays at 1:00 p.m. Eastern Time, offering alternative news and discussions on culture, politics, and global events. Brand aims to provide an inclusive and progressive perspective. Rumble's CEO expressed excitement about empowering Brand to expand his audience. Following the livestream, Brand will host Q&A sessions for subscribers on Rumble's community platform, Locals.

Rumble announced the launch of 'Rumble Exclusives,' a groundbreaking livestreaming lineup focused on independent creators and audience interaction. The initiative aims to transform content consumption by offering a two-way dialogue between creators and their viewers. Pulitzer Prize-winning journalist Glenn Greenwald will host the first daily livestream. Rumble's CEO, Chris Pavlovski, emphasized the need for unfiltered content and the empowerment of audiences to challenge corporate media narratives. This development follows Rumble's business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI) in December 2021.

Rumble announces Pulitzer Prize-winning journalist Glenn Greenwald will launch a daily livestream at 7 p.m. Eastern Time starting later this month. Greenwald's show will focus on news reporting, guest interviews, and audience interaction, extending to a Q&A session on Rumble's subscription platform, Locals. His previous channel on Rumble has over 200,000 subscribers, with some programs attracting up to 1.5 million viewers. Rumble aims to empower Greenwald's growth and uphold free speech as part of its mission to create an independent video platform.

Rumble achieved a record of 78 million monthly active users (MAUs) globally in August, a 77% year-over-year growth. In the U.S. and Canada, MAUs reached 63 million, indicating a 103% annual increase. The surge is largely attributed to the 18- to 24-year-old 'Gen Z' demographic. CEO Chris Pavlovski stated this growth is a significant factor in the stagnation of Big Tech platforms. Rumble aims to provide a free and open internet experience, continuing its proposed business combination with CF Acquisition Corp. VI (CFVI), with relevant regulatory filings made to the SEC.

Rumble has entered into an exclusive partnership with content creator David Freiheit, known as VivaFrei, to produce four weekly livestreams on its platform. This collaboration includes his popular Sunday show, allowing Freiheit to shift his audience from YouTube, where he has over 540,000 subscribers. Rumble's CEO highlighted the commitment to free speech, which aligns with Freiheit's vision of creating content without censorship. The partnership follows Rumble's previous announcement regarding its business combination with CF Acquisition Corp. VI (NASDAQ: CFVI).