looks like DWAC, DWACU, DWACW, CFVI, CFVIU & CFVIW stocks should rally some time in the next 2-3 days.
CF Acquisition Corp. VI and Rumble Announce Filing of a Registration Statement in Connection with their Proposed Business Combination
PRESS RELEASE PR Newswire
Feb. 15, 2022, 07:00 AM
TORONTO and NEW YORK, Feb. 15, 2022 /PRNewswire/ – CF Acquisition Corp. VI (Nasdaq: CFVI), a special purpose acquisition company sponsored by Cantor Fitzgerald, and Rumble Inc. ("Rumble"), the neutral video platform, announced today that CFVI has filed with the U.S. Securities and Exchange Commission ("SEC") a registration statement on Form S-4 (the "Registration Statement") in connection with the proposed business combination with Rumble.
CFVI and Rumble announced on December 1, 2021, that they entered into a definitive business combination agreement. Assuming no redemptions by CFVI stockholders and prior to giving effect to transaction expenses, the transaction will provide approximately $400 million of proceeds at close, including $100 million of proceeds from a PIPE financing and $300 million of cash held in the trust account of CFVI. The proceeds will be used to attract new content creators to the Rumble and Locals platforms, continue to build out Rumble's independent infrastructure, expand Rumble's teams, begin robust marketing of the platform and services, make future acquisitions, and for other general corporate purposes.
The transaction has been unanimously approved by the board of directors of CFVI, as well as the board of directors of Rumble, and is expected to close during the second quarter of 2022, subject to the Registration Statement being declared effective by the SEC, approval by CFVI and Rumble shareholders, and other customary closing conditions. Rumble's strategy is currently focused on continuing its explosive growth in users and user engagement, as well as building the tools that will enable future monetization of this consumption.
About Rumble
Rumble is a high growth neutral video distribution platform. Rumble has created rails and independent infrastructure that are designed to be immune to cancel culture. Rumble's mission is to restore the internet to its roots based on freedom of expression and creativity.
About CF Acquisition Corp. VI
CFVI is a blank check company led by Chairman and Chief Executive Officer Howard W. Lutnick and sponsored by Cantor Fitzgerald.
About Cantor Fitzgerald
Cantor Fitzgerald, with over 12,000 employees, is a leading global financial services group at the forefront of financial and technological innovation and has been a proven and resilient leader for 77 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, SPAC underwriting and PIPE placements, prime brokerage, and commercial real estate on its global distribution platform. Cantor Fitzgerald & Co. is one of 24 primary dealers transacting business with the Federal Reserve Bank of New York. For more information, please visit: www.cantor.com.
View original content:https://www.prnewswire.com/news-releases/cf-acquisition-corp-vi-and-rumble-announce-filing-of-a-registration-statement-in-connection-with-their-proposed-business-combination-301482200.html
SOURCE Rumble and CFVI
https://markets.businessinsider.com/news/stocks/cf-acquisition-corp-vi-and-rumble-announce-filing-of-a-registration-statement-in-connection-with-their-proposed-business-combination-1031195062
interesting.