YouTube Rival Rumble to Go Public on Monday After Successful SPAC Vote
Video sharing platform Rumble is all set to debut on Wall Street on Monday after special purpose acquisition company CF Acquisition Corp. VI’s shareholders voted in favor of its proposed business combination with the company on Thursday.
What Happened
The combined company will operate as Rumble Inc. and will be listed on the Nasdaq under the ticker symbol “RUM.” Trading in the stock of the combined company will begin on Monday, contingent on the closing of the transaction on Friday.
CFVI is a blank cheque company led by Cantor Fitzgerald’s CEO Howard Lutnick.
Rumble, meanwhile, is a video-sharing platform for publishers and creators and is dually headquartered in Longboat Key, Florida, and Toronto, Canada. The venture founded by Chris Pavlovski in 2013, has been created as an alternative platform to Alphabet Inc.’s YouTube….