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Rumble Inc. 8-K Report: Key Insights on Stock & Warrants as of Dec 20, 2024

$RUM
Form 8-K
Filed on: 2024-12-23
Source
Rumble Inc. 8-K Report: Key Insights on Stock & Warrants as of Dec 20, 2024

Based on the provided XML section of a financial report, here are the key extracted insights:

  1. Entity Identification:
  • Company Name: Rumble Inc.
  • SEC Central Index Key (CIK): 0001830081
  • Reporting Date: December 20, 2024
  1. Stock Information:
  • Class of Stock: Class A common stock
  • Par Value: $0.0001 per share
  1. Warrants Information:
  • Type of Security: Redeemable warrants
  • Exercise Terms: Each whole warrant is exercisable for one share of Class A common stock.
  • Exercise Price: $11.50 per share
  1. Accounting Framework:
  • The report is prepared in accordance with the U.S. Generally Accepted Accounting Principles (US GAAP), as indicated by the XML namespace references.
  1. Filing Type:
  • The document is an 8-K filing, which is used to report major events that shareholders should know about.
  1. Location and Contact:
  • Address: 444 Gulf of Mexico Dr, Longboat Key, FL 34228
  • Phone Number: 941-210-0196
  1. Stock Exchange Listing:
  • Class A common stock is traded on NASDAQ under the ticker symbol RUM.
  • Redeemable warrants are listed on NASDAQ under the ticker symbol RUMBW.

Insights:

  • The company is actively providing information about its common stock and redeemable warrants, indicating potential fundraising or capital structure changes.
  • The exercise price of the warrants is a critical factor for current and prospective investors, as it will impact potential dilution and the valuation of warrants against the underlying stock.
  • The report being in the form of an 8-K suggests that the information could be part of a significant corporate event or disclosure.
  • The par value of the common stock is relatively low, which is common for many corporations aiming to maintain flexibility in capital raising without the burden of high par values.

Conclusion:

This financial report segment provides crucial information about Rumble Inc.'s equity structure and related financial instruments, which is valuable for investors assessing their investment strategy concerning the company’s stock and warrants.