EQS-Ad-hoc: Northern Data AG / Key word(s): Miscellaneous/Disposal
Northern Data Announces Expiry of Option to Sell Corpus Christi Site to Global Infrastructure Asset Management Firm
12-Jan-2026 / 00:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
Disclosure of an inside information acc. to Article 17 of the Regulation (EU) No 596/2014
Northern Data Announces Expiry of Option to Sell Corpus Christi Site to Global Infrastructure Asset Management Firm
Frankfurt – 12 January 2026 – Northern Data AG (ETR: NB2) (“Northern Data” and, together with its subsidiaries, the “Group”) today announces that its option to reacquire and sell the Corpus Christi site for HPC purposes will expire without a transaction for the site being finalized. The Group continues to retain the right to receive up to USD 150 million of proceeds from its previously secured earn-out option related to existing and future profits generated by ongoing mining operations at the site. Additionally, if the site were to be sold by the current owners to a third party through the end of the 5-year earn-out period, Northern Data could retain up to 95% of the net proceeds generated by the sale, scaling down linearly on a quarterly basis through the end of the earn-out period.
The expiration of Northern Data’s option to reacquire and sell the Corpus Christi site and the failure to complete the transaction for the site will also impact the tender offer intended to be made by Rumble Inc. (NASDAQ: RUM, “Rumble”). The previously disclosed potential cash payment of up to USD 200 million to Northern Data shareholders who accept the Proposed Offer (as well as other shareholders who have agreed to sell their shares to Rumble), which Rumble agreed to in the business combination agreement entered into with Northern Data was based on a completion of this transaction for the Corpus Christi site and thus will be zero. The Group, and in the event the Proposed Offer is consummated, the combined group, will benefit from any net proceeds from the earn-out option and/or potential future third-party sale proceeds described above.
End of Inside Information
12-Jan-2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English Company: Northern Data AG An der Welle 3 60322 Frankfurt/Main Germany Phone: +49 69 34 87 52 25 E-mail: [email protected] Internet: http://www.northerndata.de ISIN: DE000A0SMU87 WKN: A0SMU8 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange EQS News ID: 2258162
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2258162 12-Jan-2026 CET/CEST
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