Rumble Deutschland AG to Initiate Squeeze-Out of Northern Data AG Shares

Rumble Deutschland AG has announced plans for a squeeze-out of minority shareholders of Northern Data AG under German Stock Corporation Law. The move will involve transferring the shares held by minority shareholders to Rumble Deutschland in exchange for an adequate cash compensation. This proposal will be put to vote at Northern Data’s upcoming general meeting.

Rumble Deutschland, already holding approximately 98.03% of Northern Data’s shares, intends to complete a company valuation to determine the cash payout for each no-par value bearer share. The detailed valuation results will be communicated in a formal request.

The squeeze-out’s finalization depends on shareholder approval and registration of the transfer resolution in Northern Data’s commercial register. Once registered, Rumble Deutschland will officially assume full control by acquiring all shares from minority shareholders.