v3.26.1

Shareholders’ Equity | 6 Months Ended
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Jun. 30, 2026
Shareholders’ Equity [Abstract] |
Shareholders’ Equity | 16. Shareholders’ Equity The Company is authorized to issue 1,700,000,000 shares, consisting of:
| (i) | 1,400,000,000 shares of Class A Common Stock with a par value of $0.0001 per share;
| (ii) | 170,000,000 shares of Class C Common Stock with a par value of $0.0001 per share;
| (iii) | 110,000,000 shares of Class D Common Stock with a par value of $0.0001 per share; and
| (iv) | 20,000,000 shares of preferred stock with a par value of $0.0001 per share.
The following shares of common stock are issued and outstanding at:
|  | As of June 30, 2026 |  |  | As of December 31, 2025 |
|  | Number |  |  | Amount |  |  | Number |  |  | Amount |
Class A Common Stock |  |  | 276,321,677 |  |  | $ | 757,550 |  |  |  | 215,736,576 |  |  | $ | 751,491 |
Class C Common Stock (and its corresponding ExchangeCo Share) |  |  | 123,690,470 |  |  |  | 12,369 |  |  |  | 123,690,470 |  |  |  | 12,369 |
Class D Common Stock |  |  | 95,791,120 |  |  |  | 9,579 |  |  |  | 95,791,120 |  |  |  | 9,579 |
|  |  |  |  |  | $ | 779,498 |  |  |  |  |  |  | $ | 773,439 |
Former holders of Legacy Rumble’s (as defined below) common shares are eligible to receive up to an aggregate of 105,000,000 additional shares of the Company’s Class A Common Stock, of which 76,412,604 shares are currently held in escrow and 28,587,396 shares will become issuable under options when the contingency is met. Similarly, the Sponsor’s common shares are eligible to receive up to an aggregate of 1,963,750 additional shares of the Company’s Class A Common Stock and will be issued when the contingency is met. The holders are eligible to the shares if the closing price of the Company’s Class A Common Stock is greater than or equal to $15.00 and $17.50, respectively (with 50% released at each target, or if the latter target is reached first, 100%) for a period of 20 trading days during any 30 trading-day period. The term will expire on September 16, 2027. If there is a change in control prior to September 16, 2027 resulting in a per share price equal to or in excess of the $15.00 and $17.50 share price milestones not previously met, then the Company shall issue the earnout shares to the holders. Pre-Funded Warrants Issued as Part of NDAG Acquisition In connection with the acquisition of NDAG (see Note 3), the Company issued pre-funded warrants to Tether, entitling Tether to purchase up to a total of 98,264,309 shares of the Company’s Class A Common Stock, which are exercisable immediately at a nominal exercise amount. As the pre-funded warrants are indexed to the Company’s common stock (and otherwise meet the requirements to be classified in equity), the Company recognized the fair value upon issuance as additional paid-in capital on the Company’s condensed consolidated interim balance sheet.

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