Three days after its shareholders voted in favor of merging with Rubicon Technologies, Founder SPAC said it has secured a forward purchase agreement with ACM ARRT F for up to $150 million.
The SPAC has not disclosed redemptions, if any, although the $111 million minimum cash requirement to seal the Rubicon deal is already covered by a PIPE in an identical amount.
According to the FPA, ACM ARRT F intends to buy redeemed shares as well as additional shares up to the agreed-upon amount.
Rubicon Technologies is a digital marketplace for waste and recycling, and a provider of software-based solutions for businesses and governments. Read more.
