Welcome to our dedicated page for Rubicon Technologies news (Ticker: FOUNU), a resource for investors and traders seeking the latest updates and insights on Rubicon Technologies stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rubicon Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rubicon Technologies's position in the market.
Founder SPAC (Nasdaq: FOUN) has announced a forward purchase agreement worth up to $150 million with ACM ARRT F LLC in connection with its proposed business combination with Rubicon Technologies. This merger is anticipated to take Rubicon public on the NYSE under the ticker symbol RBT by Q3 2022, subject to customary closing conditions. Rubicon offers a digital marketplace for waste management and recycling with a mission to promote sustainability by transforming waste into economic value.
Founder SPAC (Nasdaq: FOUN) announced that over 97% of shareholders approved the business combination with Rubicon Technologies during an extraordinary meeting on August 2, 2022. Founder also secured approval for all other proposals presented at the meeting. Rubicon operates as a digital marketplace for waste and recycling, providing software solutions aimed at enhancing sustainability. Founder plans to file the meeting results with the SEC on Form 8-K.
Founder SPAC (Nasdaq: FOUN, FOUNU, FOUNW) announced the voluntary transfer of its Class A ordinary shares and public warrants from Nasdaq to the NYSE. This transition is part of the impending business combination with Rubicon Technologies, a digital marketplace specializing in waste and recycling. Upon completion, Founder units will separate, converting shares into Class A common stock and warrants for the new entity, Rubicon Technologies, Inc. The combined company’s shares will trade as ‘RBT’ starting early August 2022, pending the fulfillment of NYSE listing requirements.
On July 6, 2022, Founder SPAC (Nasdaq: FOUN) announced that the SEC has declared effective its registration statement on Form S-4, related to its business combination with Rubicon Technologies, LLC. The definitive proxy statement will be mailed to shareholders as of May 24, 2022. An Extraordinary Meeting for shareholder voting is scheduled for August 2, 2022, in Houston and virtually. If approved, the combined entity will trade under the new ticker symbols 'RBT' and 'RBT WS' on the NYSE shortly thereafter.
Founder SPAC (Nasdaq: FOUN) filed a registration statement with the SEC on February 1, 2022, for its proposed merger with Rubicon Technologies, LLC. The business combination, first announced on December 15, 2021, is expected to provide approximately $432 million in gross proceeds to Rubicon, contingent on shareholder approvals and regulatory clearances. Rubicon, a cloud-based waste and recycling solutions provider, operates in over 20 countries with a network of 8,000 partners. The transaction's completion is anticipated in Q2 2022, pending SEC review and shareholder consent.
Rubicon Technologies has announced a merger with Founder SPAC, positioning itself for public trading under the ticker symbol 'RBT' on the New York Stock Exchange. With a revenue forecast to exceed $577 million in 2021, Rubicon operates a leading digital platform for smart waste and recycling solutions globally. The merger, expected to complete in Q2 2022, will provide approximately $432 million in gross proceeds, leveraging a strong network of over 8,000 partners. With a pro forma enterprise value of about $1.7 billion, Rubicon aims to innovate the $2.1 trillion waste industry through advanced technology.
Founder SPAC (NASDAQ: FOUNU) has successfully completed its initial public offering (IPO) of 31,625,000 units at $10.00 per unit, including an over-allotment of 4,125,000 units. The IPO began trading on Nasdaq on October 15, 2021. Each unit comprises one Class A ordinary share and half a redeemable warrant, with whole warrants priced at $11.50 each. The company plans to focus its acquisition efforts on the technology sector, emphasizing Digital Transformation.
Founder SPAC has announced the pricing of its initial public offering (IPO) of 27,500,000 units at $10.00 per unit, to be listed on Nasdaq under the ticker symbol FOUNU starting October 15, 2021. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, with a full warrant convertible at $11.50 per share. The offering is anticipated to close on October 19, 2021, subject to standard conditions. Founder SPAC aims to focus on technology-related mergers and acquisitions.
