1. United States of America Stocks

  2. •

    Financial Services

  3. •

    Shell Companies
Founder SPAC

Founder SPAC

FOUNW
Founder SPACUS flagNASDAQ Global Market
0.30
USD
+0.00
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

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in mil. unless spec.
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Working Capital

FRC

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in mil. unless spec.
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Growth Rates

FRC

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in mil. unless spec.
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Quarterly Revenue

FRC

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in mil. unless spec.
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Quarterly Earnings Per Share

FRC

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in mil. unless spec.
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Quarterly Dividends Per Share

FRC

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in mil. unless spec.
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Company Description

APIChatGPT
CEO
Hassan M. Ahmed
Sector
Financial Services
Industry
Shell Companies
Address
800 Capitol St. Houston TX United States of America 77002
CIK
0001862068
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Business
Founder SPAC (FOUNW) operates as a blank check company, or special purpose acquisition company, focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, primarily targeting technology sector companies involved in digital transformation. The company offers redeemable warrants, traded under the ticker FOUNW on Nasdaq, exercisable at $11.50 per whole warrant for one Class A ordinary share following separation from its units (FOUNU). Incorporated in 2021 and headquartered in Potomac, Maryland, Founder SPAC conducts operations principally in the United States without specified subsidiaries or parent entities. In August 2022, Founder SPAC completed a business combination with Rubicon Technologies LLC, a provider of waste management and recycling software solutions, in a reverse merger transaction valued at an implied $1.7 billion enterprise value that generated approximately $432 million in gross proceeds including a $111 million PIPE financing; post-merger, the combined entity trades under Rubicon's branding with Founder SPAC noted as acquired. The company announced plans in 2023 to transfer its listing from Nasdaq to the NYSE in connection with ongoing post-merger activities, while FOUNW warrants persist as a separate trading instrument amid indications of potential delisting risks for related securities.