Founder SPAC closed its IPO of 31.625 million units, including 4.125 million units issued through the full exercise of the underwriters’ over-allotment option, at $10 each.
Units list on the Nasdaq under FOUNU. Each consists of one Class A ordinary share and one-half of a warrant. After the units begin separate trading, shares and warrants are expected to list under FOUN and FOUNW.
Founder SPAC is focused on businesses within the technology sector, with a specific focus on the theme of digital transformation.
Jefferies was sole bookrunning manager of the offering. Read more.
