Lexington, Kentucky, Aug. 15, 2022 (GLOBE NEWSWIRE) —
- Transaction accelerates Rubicon’s mission to end waste through digital transformation of the waste and recycling category
- Rubicon raised approximately $196.8 million in gross proceeds, consisting of funds from Founder SPAC’s trust account and PIPE investments, after redemptions and prior to the payment of transaction fees and expenses and amounts payable under Founder’s previously-disclosed forward purchase agreement
- Rubicon Class A common stock to begin trading on the NYSE tomorrow, August 16th, under ticker “RBT”
Rubicon Technologies, Inc. (“Rubicon”), a leading digital marketplace for waste and recycling and provider of innovative software-based products for businesses and governments worldwide, today announced that it has completed its business combination with Founder SPAC (“Founder”).
The combined company will operate under the name Rubicon Technologies, Inc., and will continue to be led by Nate Morris, Chairman and Chief Executive Officer. Commencing at the open of trading on August 16, 2022, Rubicon’s Class A common stock and warrants are expected to trade on the New York Stock Exchange (“NYSE”) under the symbols “RBT” and “RBT WS,” respectively.
The transaction was approved by Founder’s shareholders at an extraordinary general meeting held on August 2, 2022 (the “Extraordinary Meeting”). Over 97% of the votes cast on the business combination proposal at the…
