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RUM Group targets full Northern Data ownership with German squeeze-out notice

9/11/2026

Full control of Northern Data AG is within reach for RUM Group Inc.

(Nasdaq: RUM), which expects to lift its stake from 85.2% to approximately 98% before triggering squeeze-out proceedings under Germany's Stock Corporation Act to take the remainder.

The risk is that the price paid in that squeeze-out may not match what bilateral traders, including Tether Investments, S.A.

The Tether exchange and what moves on September 30 The additional shares are flowing from Tether under a Transaction Support Agreement already in place.