RUM Group plans to acquire additional Northern Data shares, lifting its ownership from 85.2% to approximately 98%. It has also notified Northern Data of a planned squeeze-out for the remaining approximately 2%, which would take ownership to 100% if completed.

Key Highlights

  • RUM Group intends to seek a squeeze-out of Northern Data’s remaining approximately 2% stake, potentially reaching 100% ownership.
  • Tether reported an agreement to acquire 8,256,155 Northern Data shares, with settlement expected around September 30, 2026.
  • RUM Group expects to increase its Northern Data ownership from 85.2% to approximately 98%.
  • Tether agreed to acquire 8,256,155 Northern Data shares under the existing transaction support agreement.

RUM Group Inc. (NASDAQ: RUM) expects to increase its ownership of Northern Data AG from 85.2% to approximately 98% through an additional share Acquisition expected on or about September 30, 2026. The transaction would move RUM Group closer to full ownership of the German company.

Tether Exchange Sets September 30 Transaction Path

Tether Investments, S.A. de C.V. Agreed to acquire the additional Northern Data shares under the existing Transaction Support Agreement dated November 10, 2025. Tether reported on September 2, 2026 that it had agreed to acquire 8,256,155 Northern Data shares. RUM Group expects those shares to settle in time for an exchange with the company on or about September 30, 2026. The exchange will involve newly issued pre-funded warrants, based on an offer ratio of 2.0281 RUM Class A common stock shares for each Northern Data share delivered. The agreement also allows for RUM Class A common stock in place of the warrants.