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Rumble, Tether
Oppenheimer says Tether investment alleviates concerns over Rumble liquidity
Oppenheimer analyst Jason Helfstein notes that Friday post-close, Rumble (RUM) announced $775M equity investment from stablecoin operator Tether, with $250M in newly issued shares at $7.50 for growth capital.
After $775 million Tether investment, Rumble’s tender offer should alleviate investor liquidity concerns, analyst says
Rumble Inc.’s plan to use some of the proceeds from a $775 million investment from cryptocurrency giant Tether to fund a self-tender offer will alleviate investor liquidity concerns, according to analyst firm Oppenheimer.
Rumble Stock Soars After Video Platform Gets $775M Investment From Tether
Rumble shares surged 60% Monday morning after the video platform received a $775 million cash injection from cryptocurrency company Tether.
23h
Rumble: Don't Chase Tether Deal
Rumble stock surged due to $775M investment from Tether, but the deal involves a tender offer at $7.50 per share. See why I ...
1d
on MSN
Why Rumble Stock Skyrocketed to a 52-Week High Today
Rumble did have $131 million in cash and equivalents at the end of the third quarter of 2024. But that only gave the company ...
1d
on MSN
Rumble Stock Soars 44% Pre-Market: Crypto Meets Free Speech — Game-Changer Or Hype?
The deal involves Tether purchasing 103.33 million shares of Rumble Class A common stock at $7.50 per share, totaling $775 ...
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