# EDGAR Filing Document

**Accession Number:** 0002025889
**File Stem:** 0001104659-25-110587
**Filing Date:** 2025-11
**Character Count:** 31465
**Document Hash:** f073d809c826df5003bcf39cdaca87f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-110587.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001104659-25-110587

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rumble Inc.
- **CENTRAL INDEX KEY:** 0001830081
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 851087461
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92315
- **FILM NUMBER:** 251474726

**BUSINESS ADDRESS:**
- **STREET 1:** 110 EAST 59TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-938-5000

**MAIL ADDRESS:**
- **STREET 1:** 110 EAST 59TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CF Acquisition Corp. VI
- **DATE OF NAME CHANGE:** 20201027
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tether Holdings, S.A. de C.V.
- **CENTRAL INDEX KEY:** 0002025889

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** H3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** FINAL AV. LA REVOLUCION, EDIF. CENTRO
- **STREET 2:** CORPORATIVO PRESIDENTE PLAZA, NIVEL 12
- **CITY:** SAN SALVADOR
- **STATE:** H3
- **ZIP:** 00000
- **BUSINESS PHONE:** 443333355842

**MAIL ADDRESS:**
- **STREET 1:** FINAL AV. LA REVOLUCION, EDIF. CENTRO
- **STREET 2:** CORPORATIVO PRESIDENTE PLAZA, NIVEL 12
- **CITY:** SAN SALVADOR
- **STATE:** H3
- **ZIP:** 00000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tether Holdings Ltd
- **DATE OF NAME CHANGE:** 20240604

## Ex-99.(A)

**Schedule A**

**Executive Officers and Directors**

The following sets forth the name, country of citizenship, position and principal occupation of each executive officer and member of the board of directors of Tether Holdings, S.A. de C.V. and Tether Investments, S.A. de C.V. Except as indicated below, none of the persons listed below has been convicted of a crime (other than traffic violations or similar misdemeanors) or been subject to proceedings pertaining to violations of securities laws within the past 5 years.

**<u>Executive Officers and Directors of Tether Holdings, S.A. de C.V.</u>**:

---

| | | | |
|:---|:---|:---|:---|
| **<u>Name and Citizenship</u>** | **<u>Position and Principal Occupation</u>** | **<u>Beneficial Ownership</u>** | **<u>Business Address</u>** |
| &nbsp;&nbsp;Giancarlo Devasini, citizen of Italy | &nbsp;&nbsp;President | &nbsp;&nbsp;103333333 (1) | &nbsp;&nbsp;Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador |
| &nbsp;&nbsp; Ludovicus Jan Van der Velde, citizen of the Netherlands<br>| &nbsp;&nbsp;Alternate President | &nbsp;&nbsp;0 | &nbsp;&nbsp;Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador |
| &nbsp;&nbsp;Paolo Ardoino, citizen of Italy | &nbsp;&nbsp;Secretary | &nbsp;&nbsp;0 | &nbsp;&nbsp;Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador |
| &nbsp;&nbsp;Josue Lopez, citizen of El Salvador | &nbsp;&nbsp;Alternate Secretary | &nbsp;&nbsp;0 | &nbsp;&nbsp;Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador |

---

**<u>Executive Officers and Directors of Tether Investments, S.A. de C.V.</u>**:

---

| | | | |
|:---|:---|:---|:---|
| **<u>Name and Citizenship</u>** | **<u>Position and Principal Occupation</u>** | **<u>Beneficial Ownership</u>** | **<u>Business Address</u>** |
| &nbsp;&nbsp;Giancarlo Devasini, citizen of Italy | &nbsp;&nbsp;Sole Administrator | &nbsp;&nbsp; 103333333 (1) | &nbsp;&nbsp;Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador |
| &nbsp;&nbsp;Paolo Ardoino, citizen of Italy | &nbsp;&nbsp;Alternate Administrator | &nbsp;&nbsp;0 | &nbsp;&nbsp;Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes 103,333,333
 shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") of Rumble Inc. held by Tether
 Investments, S.A. de C.V., a wholly owned subsidiary of Tether Holdings, S.A. de C.V.

In October 2021, the U.S. Commodity Futures Trading Commission (CFTC) instituted and settled regulatory proceedings against Tether Holdings, S.A. de C.V. (then Tether Holdings Limited), Tether Limited, Tether Operations Limited, and Tether International Limited (collectively, "Tether") by way of an order accepting Tether's payment of a civil monetary penalty of $41 million without admitting or denying any of the CFTC's findings or conclusions. The order settled CFTC allegations that, from June 2016 to February 2019, Tether made untrue or misleading statements and omissions of material fact or omitted to state material facts necessary to make statements made not true or misleading in connection with, among other things, whether USDT was fully backed by U.S. Dollars held in bank accounts in Tether's name.

In February 2021, the Office of the Attorney General of the State of New York (NYAG) entered into an agreement with Tether and several Bitfinex (a group of companies with which Tether is affiliated) companies to settle a 2019 proceeding brought by NYAG seeking an injunction related to, among other things, the transfer of certain funds by and among Bitfinex and Tether. Without admitting or denying NYAG's findings, Bitfinex and Tether agreed to settle the NYAG proceeding by paying $18.5 million in penalties to the State of New York. The agreement further required Bitfinex and Tether to discontinue any trading activity with New York persons or entities and to submit to mandatory reporting on certain business functions.

## Exhibit 99.1

**Exhibit 99.1**

**Joint Filing Agreement**

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, each of the persons named below agrees to the joint filing of this Schedule 13D, including further amendments thereto, with respect to the shares of Class A Common Stock, par value $0.0001 per share, of Rumble Inc. and further agrees that this Joint Filing Agreement be filed with the Securities and Exchange Commission as an exhibit to such filing; provided, however, that no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing unless such person knows or has reason to believe such information is inaccurate (as provided in Rule 13d-1(k)(1)(ii)). This Joint Filing Agreement may be executed in one or more counterparts, all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the persons named below have executed this Joint Filing Agreement as of the date set forth below.

---

| | |
|:---|:---|
| November 12, 2025 | November 12, 2025 |
| **TETHER HOLDINGS, S.A. DE C.V.** | **TETHER HOLDINGS, S.A. DE C.V.** |
| By: | /s/ Giancarlo Devasini |
| Name: | Giancarlo Devasini |
| Title: | President |

---

---

| | |
|:---|:---|
| **Tether Investments, S.A. DE C.V.** | **Tether Investments, S.A. DE C.V.** |
| By: | /s/ Giancarlo Devasini |
| Name: | Giancarlo Devasini |
| Title: | Sole Administrator |

---

---

| |
|:---|
| /s/ Giancarlo Devasini |
| Giancarlo Devasini, individually |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**Rumble Inc.**

*(Name of Issuer)*

**Class A Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**78137L105**

*(CUSIP Number)*

**Tether Holdings, S.A. de C.V.**<br>Final Av. La Revolucion, Edif. Centro<br>Corporativo Presidente Plaza, Nivel 12<br>San Salvador H3 00000<br>4420 4621 1793

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**11/10/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **78137L105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Tether Holdings, S.A. de C.V.** | Name of reporting person<br>**Tether Holdings, S.A. de C.V.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | |
| 6 | Citizenship or place of organization<br>**H3** | Citizenship or place of organization<br>**H3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**103333333.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**103333333.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**103333333.00** | Aggregate amount beneficially owned by each reporting person<br>**103333333.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**30.5%** | Percent of class represented by amount in Row (11)<br>**30.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Note in relation to Items 8, 10 and 11: Includes 103,333,333 shares of Class A Common Stock, par value $0.0001 per share, of Rumble Inc. ("Class A Common Stock") held by Tether Investments, S.A. de C.V., a wholly owned subsidiary of Tether Holdings, S.A. de C.V.

Note in relation to Item 13: This percentage is calculated based upon (i) 215,380,826  shares of Class A Common Stock issued and outstanding and (ii) 123,690,477 shares of Class A Common Stock, shares of Class A Common Stock issuable upon exchange of any issued and outstanding exchangeable shares of the Issuer's subsidiary 1000045728 Ontario Inc., in each case, as of November 5, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 10, 2025.

| **CUSIP No.** | **78137L105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Tether Investments, S.A. de C.V.** | Name of reporting person<br>**Tether Investments, S.A. de C.V.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**H3** | Citizenship or place of organization<br>**H3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**103333333.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**103333333.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**103333333.00** | Aggregate amount beneficially owned by each reporting person<br>**103333333.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**30.5%** | Percent of class represented by amount in Row (11)<br>**30.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Note in relation to Item 13: This percentage is calculated based upon (i) 215,380,826  shares of Class A Common Stock issued and outstanding and (ii) 123,690,477 shares of Class A Common Stock, shares of Class A Common Stock issuable upon exchange of any issued and outstanding exchangeable shares of the Issuer's subsidiary 1000045728 Ontario Inc., in each case, as of November 5, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 10, 2025.

| **CUSIP No.** | **78137L105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Giancarlo Devasini** | Name of reporting person<br>**Giancarlo Devasini** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**L6** | Citizenship or place of organization<br>**L6** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**103333333.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**103333333.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**103333333.00** | Aggregate amount beneficially owned by each reporting person<br>**103333333.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**30.5%** | Percent of class represented by amount in Row (11)<br>**30.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Note in relation to Items 8, 10 and 11: Includes 103,333,333 shares of Class A Common Stock held by Tether Investments, S.A. de C.V., a wholly owned subsidiary of Tether Holdings, S.A. de C.V. Mr. Devasini has a greater than 50% voting interest in Tether Holdings, S.A. de C.V. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest.

Note in relation to Item 13: This percentage is calculated based upon (i) 215,380,826  shares of Class A Common Stock issued and outstanding and (ii) 123,690,477 shares of Class A Common Stock, shares of Class A Common Stock issuable upon exchange of any issued and outstanding exchangeable shares of the Issuer's subsidiary 1000045728 Ontario Inc., in each case, as of November 5, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 10, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
Rumble Inc.

**(c) Address of Issuer's Principal Executive Offices:**
444 Gulf of Mexico Dr, Longboat Key, FL, 34228

This statement on Schedule 13D amends the Schedule 13D of Tether Holdings, S.A. de C.V., an El Salvador entity, Tether Investments, S.A. de C.V., an El Salvador entity, and Giancarlo Devasini (collectively, the "Reporting Persons") that was originally filed with the Securities and Exchange Commission (the "SEC") on February 7, 2025 as amended by Amendment No. 1 filed on August 11, 2025 (as amended, the "Schedule 13D") with respect to the Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") of Rumble Inc., a Delaware corporation (the "Issuer"). This amendment to the Schedule 13D is being filed by the Reporting Persons and constitutes Amendment No. 2 to the Schedule 13D. Capitalized terms used but not defined herein have the meanings given to such terms in the Schedule 13D. Except as set forth herein, the Schedule 13D is unmodified.

**Item 4. Purpose of Transaction**

See the Schedule 13D, as amended, for historical information. Item 4 is amended and supplemented as follows:

The information set forth in Item 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 4.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

See the Schedule 13D, as amended, for historical information.

Transaction Support Agreement

On November 10, 2025, the Issuer, and Northern Data AG, a German stock corporation (Aktiengesellschaft) incorporated under the laws of Germany ("Northern Data"), entered into a business combination agreement (the "BCA"). Subject to the terms and conditions of the BCA, the Issuer will submit a voluntary public exchange offer (such exchange offer, the "Exchange Offer") to all shareholders of Northern Data to exchange each issued and outstanding no-par value bearer share of Northern Data (the "ND Shares"). Under the BCA, each ND Share validly tendered and accepted for exchange will be exchanged for 2.0281 shares of Class A Common Stock (the "Offer Ratio"), subject to the satisfaction or waiver of the conditions to the Exchange Offer, as further described herein.

Concurrently with the execution and delivery of the BCA, the Issuer and Tether Investments, S.A. de C.V ("TINV") entered into a transaction support agreement (the "Support Agreement"), pursuant to which, among other things, TINV agreed to sell, and the Issuer agreed to purchase, all of the ND Shares owned by TINV (41,887,776 ND Shares). The closing of the transactions contemplated under the Support Agreement (the "Support Closing") is subject to closing conditions, including the satisfaction of the conditions to the Exchange Offer, and, subject to the satisfaction or waiver of such conditions, would occur immediately prior to the closing of the Exchange Offer.

Under the Support Agreement, the Issuer agreed to issue new shares of Class A Common Stock to TINV at the Offer Ratio as set forth the BCA as the consideration for its purchase of the ND Shares owned by TINV (such consideration, the "Share Consideration"). To the extent that the issuance of shares of Class A Common Stock to TINV as the consideration under the Support Agreement would result in TINV and its affiliates owning more than 9.9% of the outstanding voting power of the capital stock of the Issuer (the "Voting Limitation"), the Issuer shall instead deliver to TINV a pre-funded warrant (a "Pre-Funded Warrant") exercisable on a cashless basis into such number of shares of Class A Common Stock so that the shares of Class A Common Stock to be owned by TINV and its affiliates following the Closing will not exceed the Voting Limitation. The shares of Class A Common Stock issued pursuant to the Support Agreement are subject to a six-month lock-up period following the Closing, subject to certain exceptions as set forth in the Support Agreement.

TINV and the Issuer each provided customary representation and warranties under the Support Agreement. The Support Agreement also contains customary fundamental representations and warranties regarding TINV and customary business representations and warranties with respect to Northern Data. Subject to the terms and conditions set forth in the Support Agreement, TINV shall indemnify and hold harmless the Issuer and other purchaser indemnitees from and against damages suffered, sustained or incurred, until the expiration of the applicable survival date of such representations and warranties. For a period of eighteen months following the closing of the transactions contemplated under the Support Agreement (the "Closing"), the Issuer is entitled to withhold a portion of the Share Consideration that equals the quotient (rounded down) of EUR25 million divided by the volume-weight-average price of the Issuer's Class A common stock over the last three consecutive trading days prior to the date of the Closing, to support any potential indemnification claims under the Support Agreement.

Prior to the TINV Closing and for up to one year following the Closing, TINV has committed to offer to purchase for cash, subject to applicable law and the terms of the Support Agreement, up to approximately EUR219 million worth of ND Shares from Northern Data shareholders outside of the Exchange Offer, provided that TINV is not committed to purchase ND Shares if the price per ND Share is greater than the product of (x) the Offer Ratio, (y) the 3-day VWAP of the Class A Common Stock immediately preceding the purchase date and (z) the dollar-to-euro exchange rate immediately preceding the purchase date.

The foregoing descriptions of the Support Agreement does not purport to be complete and is qualified in their entirety by reference to the Support Agreement, a copy of which is filed as Exhibit 10.1 to the Issuer's current report on Form 8-K/A, dated November 12, 2025.

Registration Rights Agreement and Transaction Agreement Amendment

The Support Agreement contemplates that simultaneously with the Closing, the Issuer and TINV will amend and restate the registration rights agreement, dated February 7, 2025, between the Issuer and TINV (such amended and restated registration rights agreement, the "A&R Registration Rights Agreement"). Pursuant to the A&R Registration Rights Agreement, among other things, TINV will be granted the right to register the resale of shares of Class A Common Stock it owns, including those received pursuant to the Support Agreement, the the Issuer Equity Commitment Agreement or the Sale and Transfer and Amendment and Restatement Agreement. In addition, the Support Agreement contemplates that simultaneously with the Closing, the Issuer and TINV will enter into an amendment to that certain Transaction Agreement, dated as of December 20, 2024 (the "Transaction Agreement Amendment"), which will, among other things, specify that such shares of Class A Common Stock held by TINV will be subject to certain of the covenants in the Transaction Agreement.

The foregoing descriptions of the A&R Registration Rights Agreement and the Transaction Agreement Amendment do not purport to be complete and are qualified in their entirety by reference to the A&R Registration Rights Agreement and the Transaction Agreement Amendment, copies of which are filed as Exhibit 10.4 and Exhibit 10.5, respectively, to the Issuer's current report on Form 8-K/A, dated November 12, 2025.

Equity Commitment Agreements

Concurrently with the execution of the BCA and the Support Agreement, (i) the Issuer, TINV and Northern Data entered into an equity commitment agreement pursuant to which, subject to the terms and conditions therein, TINV has agreed to provide an equity financing commitment to fund up to $200 million of certain taxes of Northern Data and its subsidiaries to the extent due and owing or otherwise required to be accrued as a liability at or prior to the closing of the Exchange Offer (the "Northern Data Equity Commitment Agreement") and (ii) the Issuer and TINV entered into an equity financing commitment agreement pursuant to which, subject to the terms and conditions therein, TINV has agreed to provide an equity financing commitment to fund up to $200 million (less any amounts previously funded under the Northern Data Equity Commitment Agreement) of certain taxes Northern Data and its subsidiaries to the extent due and owing or otherwise required to be accrued as a liability at or after the closing of the Exchange Offer for up to 18 months after the closing of the Exchange Offer (the "Issuer Equity Commitment Agreement" and together with the Northern Data Equity Commitment Agreement, the "Equity Commitment Agreements"). To the extent that the issuance of shares of Class A Common Stock to TINV as the consideration under the Issuer Equity Commitment Agreement would result in TINV and its affiliates exceeding the Voting Limitation, the Issuer shall instead deliver to TINV a Pre-Funded Warrant exercisable on a cashless basis into such number of shares of Class A Common Stock so that the shares of Class A Common Stock to be owned by TINV and its affiliates following the issuances under the Issuer Equity Commitment Agreement will not exceed the Voting Limitation.

The foregoing descriptions of the Northern Data Equity Commitment Agreement and the Issuer Equity Commitment Agreement do not purport to be complete and are qualified in their entirety by reference to the Northern Data Equity Commitment Agreement and the Issuer Equity Commitment Agreement, copies of which are filed as Exhibit 10.7 and Exhibit 10.8, respectively, to the Issuer's current report on Form 8-K/A, dated November 12, 2025.

Sale And Transfer and Amendment and Restatement Agreement

Concurrently with the execution of the BCA and the Support Agreement, TINV, the Issuer and Northern Data entered into a sale and transfer and amendment and restatement agreement (the "Sale and Transfer and Amendment and Restatement Agreement") under which the EUR603,000,000 receivable under Northern Data's loan from TINV, made under a loan agreement originally dated November 2, 2023 (the "Existing Node Loan") will be transferred upon the closing of the Exchange Offer to a newly incorporated Irish subsidiary of the Issuer that will hold the Northern Data shares acquired through the Exchange Offer ("Issuer NODE Holdco"). As consideration for the transfer of the receivable under the Existing Node Loan, Issuer NODE Holdco will (i) exchange 50% of the value of the Existing Node Loan for the number of shares of Class A Common Stock equal to such share of the Existing Node Loan divided by $7.88 (subject to adjustment for any stock split, reverse stock split or stock dividend) (as converted to EUR using the exchange rate as promulgated by the European Central Bank on the last trading day prior to the applicable exchange date) and (ii) enter into a new loan agreement with TINV as lender equal in value to the remaining 50% of the Existing Node Loan (the "TINV /Issuer Loan"). The TINV /Issuer Loan will be on substantially the same terms as the Existing Node Loan that will remain outstanding between Northern Data and Issuer NODE Holdco, which Existing Node Loan will be amended at the closing of the Exchange Offer in accordance with the form of an amended loan attached as an exhibit to the Sale and Transfer and Amendment and Restated Agreement. On the date falling one year after the closing of the Exchange Offer (the "Exchange Option Date"), TINV will have the option to exchange all (but not less than all) of the outstanding amount under the TINV /Issuer Loan as at the Exchange Option Date into the number of shares of Class A Common Stock equal to the outstanding amount under the TINV /Issuer Loan divided by the greater of (i) the 10-day volume-weighted average price and (ii) $7.88 (subject to adjustment for any stock split, reverse stock split or stock dividend) (in each case, as converted to EUR using the exchange rate as promulgated by the European Central Bank on the last trading day prior to the Exchange Option Date). To the extent that the issuance of shares of Class A Common Stock to TINV as the consideration under the Sale and Transfer and Amendment and Restatement Agreement or upon exchange of the outstanding amount under the TINV /Issuer Loan would result in TINV and its affiliates exceeding the Voting Limitation, the Issuer shall instead deliver to TINV a Pre-Funded Warrant(s) exercisable on a cashless basis into such number of shares of Class A Common Stock so that the shares of Class A Common Stock to be owned by TINV and its affiliates following the issuances under the Sale and Transfer and Amendment and Restatement Agreement and the TINV /Issuer Loan will not exceed the Voting Limitation.

The foregoing description of the Sale and Transfer and Amendment and Restatement Agreement does not purport to be complete and is qualified in its entirety by reference to the Sale and Transfer and Amendment and Restatement Agreement, a copy of which is filed as Exhibit 10.10 to the Issuer's current report on Form 8-K/A, dated November 12, 2025.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Tether Holdings, S.A. de C.V.

**Signature:** /s/ Giancarlo Devasini

**Name/Title:** Name: Giancarlo Devasini, Title: President

**Date:** 11/12/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Tether Investments, S.A. de C.V.

**Signature:** /s/ Giancarlo Devasini

**Name/Title:** Name: Giancarlo Devasini, Title: Sole Administrator

**Date:** 11/12/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Giancarlo Devasini

**Signature:** /s/ Giancarlo Devasini

**Name/Title:** Giancarlo Devasini, individually

**Date:** 11/12/2025