| Schedule of Number of Shares of the Company’s Common Stock Outstanding Immediately Following the Consummation of the Qualifying Transaction |
The number of shares of the Company’s
common stock outstanding immediately following the consummation of the Qualifying Transaction was:
| | |
Class A | | |
Class C | | |
Class D | | |
Total | |
| | |
| | |
| | |
| | |
| |
| CFVI Public Shareholders | |
| 29,969,311 | | |
| - | | |
| - | | |
| 29,969,311 | |
| Sponsor Related Parties and Other Holders of Founder’s Shares | |
| 10,075,000 | | |
| - | | |
| - | | |
| 10,075,000 | |
| Rumble Shareholders | |
| 63,123,452 | | |
| 167,662,214 | | |
| 105,782,403 | | |
| 336,568,069 | |
| PIPE Investors | |
| 8,300,000 | | |
| - | | |
| - | | |
| 8,300,000 | |
| Closing shares | |
| 111,467,763 | | |
| 167,662,214 | | |
| 105,782,403 | | |
| 384,912,380 | |
| | |
| | | |
| | | |
| | | |
| | |
|
| Schedule of the Details Qualifying Transaction |
Details of the Qualifying Transaction
are summarized as follows:
| Fair value of shares issued by Rumble | |
$ | 353,039,304 | |
| | |
| | |
| Net assets acquired: | |
| | |
| Cash | |
$ | 300,797,018 | |
| Prepaid expenses | |
| 221,016 | |
| Accounts payable, accruals, and other liabilities | |
| (256,095 | ) |
| Warrant liability | |
| (29,625,500 | ) |
| FPA liability | |
| (8,362,419 | ) |
| | |
| 262,774,020 | |
| | |
| | |
| PIPE escrow proceeds | |
| 83,000,000 | |
| Sponsor FPA proceeds | |
| 15,000,000 | |
| Class D Common Stock proceeds | |
| 1,000,000 | |
| Shares repurchase of Class C Common Stock | |
| (11,000,000 | ) |
| | |
$ | 350,774,020 | |
| | |
| | |
| Excess fair value over net assets acquired – listing fee | |
$ | 2,265,284 | |
|