Founder SPAC
FOUN
NASDAQ Global Market9.81
USD
+0.29
- -
CIK
0001862068
ISIN
KYG3661E1061
Return %
Stock
S&P500
1Y
- -
26.53
3Y
-0.81
76.60
5Y
-0.81
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 800 Capitol St. Houston TX United States of America 20854
- IPO Date
- Dec 6, 2021
- CIK
- 0001862068
- Similar Companies
- Business
- Founder SPAC is a publicly traded special purpose acquisition company (SPAC) primarily engaged in effecting mergers, capital stock exchanges, asset acquisitions, and stock purchases with technology-focused enterprises, particularly those involved in digital transformation. Founded in 2021 and headquartered in the Cayman Islands, Founder SPAC operates globally without restriction to a specific geographic area. Its core function is to serve as a blank check entity facilitating the public listing of private companies through business combinations. Founder SPAC’s main activity involves partnering with innovative companies for digital transformation initiatives, with a significant past transaction being the merger with Rubicon Technologies in 2022. This merger valued Rubicon at a pro forma enterprise value of approximately $1.7 billion and provided gross proceeds of around $432 million to Rubicon, including a $111 million PIPE investment led by Palantir Technologies and other institutional investors. The transaction positioned Founder SPAC as a vehicle supporting technology firms with digital waste and recycling solutions and related service offerings. Recent major company developments include the successful completion of its business combination with Rubicon Technologies, enabling the combined company to go public on the New York Stock Exchange under the ticker RBT. Founder SPAC is led by CEO Osman Ahmed, CFO Manpreet Singh, and Executive Chairman Hassan Ahmed, with independent directors and an advisory board providing oversight and guidance. The company continues to focus on identifying and executing mergers with technology-driven businesses that have substantial growth potential in their respective sectors. Overall, Founder SPAC concentrates on technology sector mergers with public market aspirations, specializing in transformational digital technology firms and actively deploying capital to support these strategic partnerships and growth initiatives globally. The 2022 Rubicon merger stands as its notable transaction, aligning with its corporate focus and growth mandate in technology-enabled industries.
Rubicon Technologies to Participate in Upcoming Investor Conferences