Founder SPAC filed an investor and analyst presentation outlining its proposwed merger with Rubicon Technologies, a Certified B Corporation and innovative software platform that provides smart waste and recycling solutions for businesses and governments worldwide.
The deal has an implied pro forma enterprise value of approximately $1.7 billion and pro forma equity value of approximately $2 billion. If approved, the deal is expected to close in the second quarter.
The transaction would deliver to Rubicon approximately $432 million (less any redemptions and prior to expenses), including a $111 million PIPE anchored by Palantir Technologies, the New Zealand Super Fund, and Rodina Capital.
Rubicon Technologies would trade on the New York Stock Exchange under new ticker symbol RBT. The company would continue to be based in Lexington, Kentucky. Read more.
