Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our Class A Common Stock and
Warrants are listed on The Nasdaq Global Market under the symbols “RUM” and “RUMBW”, respectively.
Holders of Record
As of March 25, 2024,
there were (i) 115 shareholders of record of our Class A Common Stock, (ii) 9 shareholders of record of our Class C Common Stock,
(iii) one shareholder of record of our Class D Common Stock and (iv) 7 holders of record of our warrants to purchase our Common
Stock. The number of holders of record does not include a substantially greater number of “street name” holders or
beneficial holders, whose shares and/or warrants are held of record by banks, brokers and other financial institutions.
Dividend Policy
We do not anticipate declaring
or paying any cash dividends on our Class A Common Stock in the foreseeable future. It is presently intended that we will retain our earnings
for use in business operations and, accordingly, it is not anticipated that our board of directors will declare dividends in the foreseeable
future.
Recent Sales of Unregistered Securities; Use
of Proceeds from Registered Offerings; Purchases of Equity Securities by the Issuer or Affiliated Purchaser
Not applicable
Stock Performance Graph
The following information
in this Item 5 is not deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation
14A or 14C under the Exchange Act or to the liabilities of Section 18 of the Exchange Act, and will not be deemed to be incorporated by
reference into any filing under the Securities Act or the Exchange Act, except to the extent the Company specifically incorporates it
by reference into such a filing.
The SEC requires the Company
to include a line graph presentation comparing cumulative five-year common stock returns, or in the case of Rumble, the date of the consummation
of the Business Combination, with a broad-based stock index and either a nationally recognized industry index or an index of peer companies
selected by the Company. The Company has chosen to use the Standard & Poor’s (“S&P”) 500 Index as the broad-based
index. The S&P 500 Index was chosen as the Company does not believe any other published industry or line-of-business index adequately
represents the current operations of the Company. The graph assumes a beginning investment of $100 on September 16, 2022, the date of
the consummation of the Business Combination, and that all dividends are reinvested. We have never declared or paid cash dividends on
our common stock nor do we anticipate paying any such cash dividends in the foreseeable future.
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Item 6. [Reserved]
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