what is cfvi

Assuming I hold and get the new Rumble shares, I plan on putting in sell orders in the low $14 range continuing up to just over $16. The basis for this selling program is based on the two massive new additional outstanding shares price points-$15 and $17.50. This selling program would still give me a very nice gain on my original average cost per CFVI share. This potential dilution problem makes it very difficult, in my opinion, for the new shares to trade above $17.50 unless there are really impressive reports of users/views or if the Trump deal has a dramatic positive impact on Rumble’s income statement. The latest update on metrics was given during a recent CEO Pavlovski interview. Rumble in March had a record high 44.3 million monthly active users-MAU.

what is cfvi

CFVI emphasized a comprehensive selection process based on financial need, academic progress, extracurricular activities, and essay responses. Special consideration is given to students enrolled in or enrolling at the University of the Virgin Islands. There is no obvious news behind the plus500 forex broker move, although the blank check company does seem to have a link to former President Donald Trump. The company that CF Acquisition Corp VI is buying, Rumble, announced an acquisition of its own. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

All returning applicants must log in to their previously created account. All new applicants must create a new account with the online scholarship portal. But the struggles of the Donald Trump-backed social media Truth Social platform, which still aims to eventually merge with SPAC Digital World Acquisition, indicate the user appetite for such a theoretically open platform might be limited.

Many actual events and circumstances are beyond the control of CFVI and Rumble. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are fp markets reviews cautioned not to put undue reliance on forward-looking statements, and Rumble and CFVI assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Rumble nor CFVI gives any assurance that either Rumble or CFVI will achieve its expectations.

CFVI Awards $110,000 in Popular VI Community Fund Grants to 10 Nonprofits in the USVI and BVI

Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph. Rumble, a neutral video sharing platform, is going public via a SPAC merger with CF Acquisition Corp. This could be an indirect way to trade free speech and Digital World Acquisition Corp. (DWAC) because Trump moved his media company over to Rumble’s new cloud infrastructure. The merger between Rumble and CFVI could, however, result in massive dilution for CFVI public common shareholders. The recent announcement that the Department of Homeland Security is establishing a Disinformation Governance Board is a huge PR benefit for free speech sites like Rumble that not even the smartest PR and advertising executives on Madison Avenue could have created.

what is cfvi

After market hours on Tuesday, Rumble, the company that plans to go public by merging with CF Acquisition, pushed out a reminder to its current shareholders. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Rumble has some promise to provide an alternative way to watch videos, but it is still a work in progress.

Truth Social is also positioned as a full free expression site, but among other headwinds it has been plagued by execution problems and weak user metrics. Part of that has to do with the company’s association with conservative politicians and media figures, most notably former President Donald Trump. When he started posting videos on the platform, it generated a healthy number of views, leading to more pundits from the right-leaning and libertarian viewpoints on the platform. Rumble saw a sharp spike in users from 1.6 million to 36 million in one year from Q3’20 to Q3’21, a 2,150% jump.

CAHS Class of 1951 – An award of $2,500 to a graduating senior of Charlotte Amalie High School (CAHS) who is pursuing an undergraduate degree and who has significant financial need. In 2023, the foundation was awarded $178,455 in scholarship awards to 63 Virgin Islands students. Since awarding the first CFVI Scholarships in 1996 from a bequest from Anna Green Walsh, the foundation has awarded more than $3.8 million in scholarships.

Some prominent names on Rumble include Fox News personality Dan Bongino, Donald Trump, Jr., and Matt Gaetz, a Republican politician from Florida. In addition, Glenn Greenwald, Tulsi Gabbard, Bridget Phetasy, and Matt Orfalea are also on the outlet. Rumble received a lot of attention earlier this year when CEO Chris Pavlovski offered the controversial podcast host Joe Rogan a $100M contract to join the platform and leave Spotify (SPOT). With the elections this year, free speech will become even more important and this should help Rumble and Truth Social.

CFVI Announces 2024 Scholarship Availability

The foundation’s commitment to inclusivity and non-discrimination ensures that all students, regardless of their academic or financial status, are encouraged to apply. This policy extends to ensuring an inclusive and welcoming environment for applicants of all backgrounds. Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

  1. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies from CFVI’s stockholders in connection with the proposed business combination is set forth in the Registration Statement.
  2. Estelle Parrott Award – $1,000 awarded to an undergraduate student that is in their 2nd, 3rd or 4th year of studies and holds a GPA of 3.0 or higher, at the University of the Virgin Islands.
  3. Rumble’s main competition is YouTube, which has 2.3 billion users worldwide as of 2021 and generated $28.8 billion in revenue last year.
  4. We do not know, however, how much revenue Rumble will actually directly receive from the Trump deal.

The Community Foundation of the Virgin Islands (CFVI) informs the public that applications for its annual academic scholarship cycle for graduate and undergraduate students are now available online. Consistent with the foundation’s mission to enhance the quality of life for children, youth and families in the territory by making enriching opportunities attainable, funds for the scholarships are provided through generous donors to the Community Foundation of the Virgin Islands. CF Acquisition is expected to merge with Rumble, a conservative-leaning social media platform focused on streaming video. Rumble’s deal with the company is scheduled to close in the second quarter (Q2) and will provide about $400 million in proceeds to Rumble to fund its growth.

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However, it is too early to know how successful this endeavor will be. Saying something definite in the SPAC space comes with its issues. Much like the meme space, it is tough to predict because a positive press release can have a massive effect on the share price.

The stock rose by more than 7% on the day, bolstered by the news that it’s getting its organizational ducks in order. As it nears its merger date, several near-term catalysts will pop the price; most notably, the day that shares start trading. It would help if you looked to trim your holdings around bitcoin brokers canada that time. Beyond that, Rumble has an interesting business model that has the potential to morph into something powerful. Trump Media & Technology Group, which is planning to merge with Digital World Acquisition, moved its website and mobile applications to Rumble’s cloud infrastructure on April 21.

Judy and Scott Barber Family Scholarship – $2,500 scholarship awarded to one student who has applied to or is currently enrolled in a college or university with significant financial need and a GPA of 2.5 or higher. CFVI will hold a special meeting of its holders on Sept. 15 to vote on its combination with Rumble, according to a statement. The business combination is expected to close shortly after the special meetings of the stockholders of CFVI and Rumble.