Founder SPAC Announces Up to $150 Million Forward-Purchase Agreement in Connection with Proposed Business Combination
POTOMAC, Md., Aug. 05, 2022 (GLOBE NEWSWIRE) -- Founder SPAC (Nasdaq: FOUN) (“Founder”), a publicly-traded special purpose acquisition company, in connection with its proposed business combination with Rubicon Technologies, LLC (“Rubicon”), announced today that it has entered into a forward purchase agreement for up to $150 million with ACM ARRT F LLC. Please refer to Founder’s current report on Form 8-K, filed today with the SEC, for additional information.
Rubicon previously announced an agreement for a business combination with Founder SPAC (Nasdaq: FOUN), which is expected to result in Rubicon becoming a public company listed on the New York Stock Exchange (“NYSE”) under the new ticker symbol “RBT” in the third quarter of 2022, subject to customary closing conditions.
Founder cautions that the foregoing list of factors is not exclusive. Although Founder believes the expectations reflected in these forward-looking statements are reasonable, nothing in this press release should be regarded as a representation by any person that the forward-looking statements or projections set forth herein will be achieved or that any of the contemplated results of such forward-looking statements or projections will be achieved. There may be additional risks that Founder and Rubicon presently do not know of or that they currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Founder cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Neither Founder nor Rubicon undertakes any duty to update these forward-looking statements, except as otherwise required by law.
Additional Information and Where to Find It
No Offer or Solicitation
Investor Relations Contact – Rubicon
Founder SPAC Contact