Northern Data Says Option To Reacquire And Sell Corpus Christi Site Will Expire Without A Transaction Being Finalized

Jan 11 (Reuters) - Northern Data AG NB2.DE:

• EQS-ADHOC: NORTHERN DATA ANNOUNCES EXPIRY OF OPTION TO SELL CORPUS CHRISTI SITE TO GLOBAL INFRASTRUCTURE ASSET MANAGEMENT FIRM

• NORTHERN DATA AG: ITS OPTION TO REACQUIRE AND SELL CORPUS CHRISTI SITE FOR HPC PURPOSES WILL EXPIRE WITHOUT A TRANSACTION FOR SITE BEING FINALIZED

• NORTHERN DATA AG: GROUP CONTINUES TO RETAIN RIGHT TO RECEIVE UP TO USD 150 MILLION OF PROCEEDS FROM ITS PREVIOUSLY SECURED EARN-OUT OPTION

• NORTHERN DATA AG - FAILURE TO COMPLETE TRANSACTION FOR SITE WILL ALSO IMPACT TENDER OFFER INTENDED TO BE MADE BY RUMBLE INC.

• NORTHERN DATA AG: IF SITE WERE TO BE SOLD BY CURRENT OWNERS TO A THIRD PARTY, NORTHERN DATA COULD RETAIN UP TO 95% OF NET PROCEEDS GENERATED BY SALE