Founder SPAC Wins Shareholders Nod for Business Combination with Rubicon Technologies.
MANews-(C)2009-2022
Shareholders of US-based special purpose acquisition company Founder SPAC (NASDAQ: FOUN) have voted to approve the company's pending business combination with US-based waste and recycling marketplace Rubicon Technologies, LLC, the company said.
The USD 1.7bn deal is scheduled to close this month.
Rubicon is a digital marketplace for waste and recycling, and provider of software-based solutions for businesses and governments worldwide.
Founder is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
While Founder is not limited to a...
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