Founder SPAC Shareholders Approve Previously Announced Business Combination With Rubicon Technologies, LLC

Founder SPAC (NASDAQ:FOUN) (“Founder”), a publicly-traded special purpose acquisition company, today announced that its shareholders voted to approve the previously announced business combination with Rubicon Technologies, LLC (“Rubicon”) at Founder’s extraordinary general meeting of shareholders held on August 2, 2022 (the “Extraordinary Meeting”).

Over 97% of the votes cast at the Extraordinary Meeting were cast in favor of the approval of the business combination. Founder shareholders also voted to approve all other proposals presented at the Extraordinary Meeting. Founder plans to file the results of the Extraordinary Meeting, as tabulated by the inspector of election, with the Securities and Exchange Commission (the “SEC”) on a Form 8-K.