Founder SPAC Announces Effectiveness Of Registration Statement And August 2, 2022 Extraordinary General Meeting Of Shareholders To Approve Business Combination With Rubicon Technologies, LLC
Founder SPAC (NASDAQ:FOUN) ("Founder"), a publicly traded special purpose acquisition company, today announced that Founder's registration statement on Form S-4, relating to the previously announced business combination between Founder and Rubicon Technologies, LLC ("Rubicon"), a leading digital marketplace for waste and recycling and provider of innovative software-based solutions for businesses and governments worldwide, has been declared effective by the U.S. Securities and Exchange Commission.
Founder will mail the definitive proxy statement/consent solicitation statement/prospectus (the "Proxy Statement") to shareholders of record as of the close of business on May 24, 2022. The Proxy Statement contains a notice and voting instruction form or a proxy card relating to the extraordinary general meeting of Founder's shareholders (the "Extraordinary Meeting").
The Extraordinary Meeting to approve the proposed business combination is scheduled to be held on August 2, 2022 at 9:00 a.m. Eastern Time at 800 Capitol Street, Suite 2400, Houston, TX 77002 and via a virtual meeting format at https://www.cstproxy.com/founderspac/2022. If the proposals at the Extraordinary Meeting are approved, the parties anticipate that the business combination will close and the combined entity will commence trading on the New York Stock Exchange under the new ticker symbols "RBT" and "RBT WS" shortly thereafter, subject to the satisfaction or waiver, as applicable, of all other closing conditions.
Every shareholder's vote is important, regardless of the number of shares held. Accordingly, Founder requests that each shareholder complete, sign, date and return a proxy card (online or by mail) as soon as possible and, if by internet, no later than 11:59 p.m. Eastern Time on August 1, 2022, to ensure that the shareholder's shares will be represented at the Extraordinary Meeting. Shareholders who hold shares in "street name" (i.e. those shareholders whose shares are held of record by a broker, bank or other nominee) should contact their broker, bank or nominee to ensure that their shares are voted.
If any Founder shareholder does not receive the Proxy Statement, such shareholder should (i) confirm his or her Proxy Statement's status with his or her broker or (ii) contact Morrow Sodali LLC, Founder's proxy solicitor, for assistance via e-mail at [email protected] or toll-free call at (800) 662-5200. Banks and brokers can place a collect call to Morrow Sodali at (203) 658-9400.