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Rubicon Technologies, a digital waste and recycling marketplace, will attend two key investor conferences this March 2022. The management team, including Chairman and CEO Nate Morris, will represent the company at the Roth 34th Annual Conference in California on March 14-15, and the Jefferies Business Services Summit in New York on March 24. This follows Rubicon’s agreement to merge with Founder SPAC (FOUN), aiming for a public listing under the ticker symbol RBT on the NYSE in Q2 2022, pending customary conditions.
Rubicon Technologies has been certified as a Great Place to Work for the fifth consecutive year, reflecting its commitment to employee satisfaction and company culture. In a recent survey, 86% of employees reported positive experiences, significantly above the national average. The company offers extensive benefits, including fully-paid healthcare and an unlimited vacation policy. Rubicon is on track to go public via a merger with Founder SPAC (FOUN), expected to finalize in Q2 2022, as it continues to be a leader in the digital marketplace for waste and recycling.
Rubicon Technologies has announced a multi-year agreement with SRS Distribution Inc. to enhance sustainability efforts in waste and recycling. This partnership will utilize Rubicon's cloud-based software, RUBICONConnect, across approximately 600 SRS locations. The collaboration aims to support SRS's environmental goals and improve efficiency in waste management. This follows Rubicon's earlier announcement regarding a business combination with Founder SPAC (Nasdaq: FOUN), expected to finalize in Q2 2022, which will make Rubicon a publicly traded company.
Rubicon Technologies, a leader in waste and recycling software, has secured a long-term technology licensing agreement with Odakyu Electric Railway in Japan following a successful pilot project. This partnership aims to enhance the Japanese waste management sector's transition to a circular economy. The agreement allows Odakyu to utilize Rubicon’s innovative solutions to promote sustainability and operational efficiency across the nation. Rubicon plans to go public via a merger with Founder SPAC (FOUN), expected to conclude in Q2 2022, changing the ticker symbol to RBT.
Founder SPAC (Nasdaq: FOUN) filed a registration statement with the SEC on February 1, 2022, for its proposed merger with Rubicon Technologies, LLC. The business combination, first announced on December 15, 2021, is expected to provide approximately $432 million in gross proceeds to Rubicon, contingent on shareholder approvals and regulatory clearances. Rubicon, a cloud-based waste and recycling solutions provider, operates in over 20 countries with a network of 8,000 partners. The transaction's completion is anticipated in Q2 2022, pending SEC review and shareholder consent.
Rubicon Technologies is featured in Amazon's documentary series Climate Next, highlighting its partnership with Santa Fe, New Mexico. The collaboration focuses on enhancing waste and recycling operations through RUBICONSmartCity, a cloud-based technology suite powered by AWS. The initiative has improved operational efficiency, reduced missed pickups, and contributed to Santa Fe's carbon neutrality goal by 2040. The episode showcases how cloud technology fosters innovation in sustainability, aiming for a cleaner environment. The merger with Founder SPAC is also mentioned, which will transition Rubicon to a public company.
Rubicon Technologies has announced its acquisition of CIVIX LLC, enhancing its software offerings for fleet routing. This strategic move is aimed at improving the capabilities of Rubicon's flagship products, RUBICONSmartCity™ and RUBICONPro™. CIVIX, based in Freiburg, Germany, is known for its leading route optimization software, FleetRoute®. The acquisition is expected to drive growth and efficiency for both municipal and private fleets. The integration of CIVIX's technologies positions Rubicon for expansion into international markets.
Rubicon Technologies has announced a merger with Founder SPAC, positioning itself for public trading under the ticker symbol 'RBT' on the New York Stock Exchange. With a revenue forecast to exceed $577 million in 2021, Rubicon operates a leading digital platform for smart waste and recycling solutions globally. The merger, expected to complete in Q2 2022, will provide approximately $432 million in gross proceeds, leveraging a strong network of over 8,000 partners. With a pro forma enterprise value of about $1.7 billion, Rubicon aims to innovate the $2.1 trillion waste industry through advanced technology.