Why CF Acquisition Corp IV Shares Are Soaring Today

CF Acquisition Corp VI CFVI is trading higher Monday after the company's merger partner, Rumble, offered the multi-talented Joe Rogan a  four-year $100 million deal to join its platform. 

Rogan has been facing backlash in recent weeks for spreading misinformation related to COVID-19 and using racial slurs during podcasts. 

The incidents prompted Spotify Technology SA SPOT to add a "content advisory" warning to some of Rogan's podcasts and even remove some older episodes. 

Related Link: Spotify CEO Confirms Removal Of Joe Rogan Podcast Episodes — But Says It Wasn't The Company That Took Them Down

Rumble CEO Chris Pavlovski reached out to Rogan via email offering him "100 million reasons to make the world a better place." That is, $100 million over a four-year period if he brings all of his content to Rumble's online video platform.

Hey @joerogan, we are ready to fight alongside you. See the note from our CEO @chrispavlovski... pic.twitter.com/G7ahfNNjtP

— Rumble (@rumblevideo) February 7, 2022

The SPAC deal between Rumble and CF Acquisition Corp IV, which was announced in December, is expected to close in the second quarter. 

See Also: Could Joe Rogan Leave Spotify For Rumble?

CFVI Price Action: CF Acquisition Corp IV has traded as low as $9.63 since its public debut.
The stock was up 33.5% at $17.02 at time of publication.

Photo: Pexels from Pixabay.