Rubicon Class A common stock and public warrants to begin trading on the NYSE today under ticker symbols “RBT” and “RBT WS” following the completion of Rubicon’s business combination with Founder SPAC
Lexington, Kentucky (August 16, 2022) — Rubicon Technologies, Inc. (“Rubicon”), a leading digital marketplace for waste and recycling and provider of innovative software-based products for businesses and governments worldwide, will begin trading on the New York Stock Exchange (“NYSE”) today, August 16, 2022, following the completion of Rubicon’s business combination with Founder SPAC (“Founder”).
“I am thrilled to start the next chapter of Rubicon’s story as a publicly traded company. I would like to thank all of our employees, customers, hauler partners, and investors for their tireless support in achieving this milestone,” said Nate Morris, Chairman and Chief Executive Officer of Rubicon. “I started Rubicon with a $10,000 line of credit and maxed out credit cards, and today we are listed on the New York Stock Exchange. I am also incredibly proud to say that Rubicon will be only the ninth Kentucky company to list on the NYSE in its 230-year history. We will also be the first company to fly the Kentucky state flag from the iconic NYSE façade during our upcoming public listing celebration.”
Rubicon Technologies, Inc. (NYSE: RBT) is a digital marketplace for waste and recycling, and provider of innovative software-based products for businesses and governments worldwide. Creating a new industry standard by using technology to drive environmental innovation, the company helps turn businesses into more sustainable enterprises, and neighborhoods into greener and smarter places to live and work. Rubicon’s mission is to end waste. It helps its partners find economic value in their waste streams and confidently execute on their sustainability goals. To learn more, visit www.Rubicon.com.
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Rubicon and its management, are inherently uncertain; factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the outcome of any legal proceedings that may be instituted against Rubicon or others following the closing of the business combination; 2) the ability to meet the NYSE’s listing standards following the consummation of the business combination; 3) the risk that the business combination disrupts current plans and operations of Rubicon as a result of consummation of the business combination; 4) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 5) costs related to the business combination; 6) changes in applicable laws or regulations; 7) the possibility that Rubicon may be adversely affected by other economic, business and/or competitive factors; and 8) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Founder’s Registration Statement on Form S-4 filed with the U.S. Securities and Exchange Commission (“SEC”), and other documents of Founder filed, or of Rubicon, to be filed, with the SEC. Although Rubicon believes the expectations reflected in the forward-looking statements are reasonable, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. There may be additional risks that Rubicon presently does not know of or that Rubicon currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Rubicon does not undertake, and expressly disclaims, any duty to update these forward-looking statements, except as otherwise required by applicable law.
Sioban Hickie, ICR, Inc.
Chief Marketing & Corporate Communications Officer