Brief: Rubicon Technologies To Go Public Through Merger With Founder SPAC

Rubicon Technologies

16/12/2021 12:17

Dec 16 (Reuters) - Founder SPAC  FOUN.O :
    * RUBICON TECHNOLOGIES, THE MARKET-LEADING INNOVATOR IN
SOFTWARE-BASED SMART WASTE AND RECYCLING SOLUTIONS, TO GO PUBLIC
THROUGH MERGER WITH FOUNDER SPAC
    * FOUNDER SPAC - DEAL IMPLIES A COMBINED PRO FORMA
ENTERPRISE
VALUE OF APPROXIMATELY $1.7 BILLION AND PRO FORMA EQUITY VALUE
OF APPROXIMATELY $2.0 BILLION
    * FOUNDER SPAC - $111 MILLION FULLY COMMITTED COMMON EQUITY
PIPE
INCLUDING INVESTMENTS FROM PALANTIR TECHNOLOGIES, NEW ZEALAND
SUPER FUND, RODINA CAPITAL
    * FOUNDER SPAC - TRANSACTION WILL RESULT IN GROSS PROCEEDS
OF
APPROXIMATELY $432 MILLION TO RUBICON
    * FOUNDER SPAC - COMBINED COMPANY WILL BE NAMED RUBICON
TECHNOLOGIES AND BE LISTED ON NEW YORK STOCK EXCHANGE UNDER NEW
TICKER SYMBOL "RBT"
    * FOUNDER SPAC - CO WILL CONTINUE TO BE BASED IN LEXINGTON,
KENTUCKY, AND LED BY NATE MORRIS, FOUNDER AND CHIEF EXECUTIVE
OFFICER OF RUBICON

Source text for Eikon:  ID:nGNX5KLgbb 
Further company coverage:  FOUN.O 

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