Rumble Stock To Begin Trading Under Ticker Symbol RUM, a Symbol of Freedom
Rumble Inc. (NASDAQ:RUM) has successfully closed its business combination with CF Acquisition Corp. VI (NASDAQ:CFVI), marking the commencement of trading under the new ticker symbol 'RUM' on NASDAQ. This change signifies Rumble's commitment to promoting a free and open internet, reflecting its mission-driven ethos. The new ticker, reminiscent of rum's historical role in American independence, symbolizes the company's dedication to preserving online freedom. Rumble aims to create a high-growth neutral video-sharing platform, striving to resist cancel culture and restore the internet's foundational values.
- Successful completion of the business combination with CF Acquisition Corp. VI.
- New ticker symbol 'RUM' aligns with Rumble's mission of protecting internet freedom.
- None.
~ Trading Commences Following Successful Closing of Business Combination with CFVI ~
LONGBOAT KEY, Fla., Sept. 19, 2022 /PRNewswire/ -- Rumble Inc. (NASDAQ:RUM) ("Rumble"), the video-sharing platform, announced that after successfully completing its business combination with blank check company CF Acquisition Corp. VI (NASDAQ: CFVI) ("CFVI"), trading of Rumble's common shares will begin on the NASDAQ stock exchange today. At market open, the ticker symbol will switch from "CFVI" to "RUM" for the company's common shares.
While stock ticker symbols can be an afterthought, for Rumble, "RUM" holds a special connection to the company's mission to protect a free and open internet. It's a little-known fact that rum was one of the many catalysts of the American Revolution due to unrest created by the British-imposed Sugar Act of 1764. The Act imposed regulations and taxes on molasses, a key ingredient used to produce rum. During the colonial era, rum was among the most-consumed alcoholic drinks in America. Without rum, the colonists may never have fought to win the freedom that Americans enjoy today – the very freedom that Rumble exists to protect.
"As a mission-driven company, we do everything with a purpose," said Rumble Chairman and CEO Chris Pavlovski. "As we considered available tickers, the history of rum as a symbol of freedom was the perfect match for Rumble."
Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble's mission is to restore the Internet to its roots by making it free and open once again. For more information, please visit: investors.rumble.com
CFVI was a blank check company led by Chairman and Chief Executive Officer Howard W. Lutnick and sponsored by Cantor Fitzgerald.
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SOURCE Rumble
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