Rumble (RUM) said Wednesday that its tender offer to purchase up to 70 million of its class A common shares at $7.50 per share in cash has expired and was oversubscribed.
The company said about 70.06 million class A common shares were validly tendered and not withdrawn when the offer expired Tuesday. Rumble said it has accepted 70 million class A shares for purchase for a total of $525 million.
Shares were 2.9% higher in recent early trading.
Price: 13.18, Change: +0.37, Percent Change: +2.89
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