RUM Group Inc. advanced 10% on Monday after announcing a six-year GPU services agreement valued at approximately $13.7 billion with an unaffiliated U.S.-based cloud customer.
The deal, dated August 23, 2026, covers GPU services to be delivered from a site under development in Maysville, Georgia. Payments are structured across three equal tranches over the agreement’s term, with the third tranche contingent on the customer’s approval of the proposed delivery schedule.
As part of the arrangement, RUM Group issued a binding term sheet for a warrant allowing the customer to purchase up to 50,080,408 shares of Class A common stock at $0.01 per share. The warrant is exercisable for 10 years from issuance and may only be exercised in cash, with no net settlement or cashless exercise permitted.
The initial 50% of warrant shares will vest in three equal tranches of 16.67%, aligned with the three purchase tranches. The remaining 50% may vest across five expansion tranches of 10% each if additional commercial agreements are executed before the original deal expires. Full vesting of all expansion tranches requires the customer to purchase GPU services exceeding two-and-a-half times the original three-tranche total.
Transfer restrictions apply: shares may only be transferred to controlled affiliates of the customer without RUM Group’s consent and are prohibited to known competitors, activist investors, or non-passive investors holding at least 10% of the outstanding Class A common stock.
