Founder SPAC to vote on merger with Rubicon Technologies

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Founder SPAC Announces Registration Statement Effectiveness and Extraordinary General Meeting of Shareholders on August 2, 2022 to Approve Merger with Rubicon Technologies, LLC July 06,

Founder SPAC (Nasdaq: FOUN) ("Founder"), a publicly traded special purpose acquisition company, today announced that the U.S. Securities and Exchange Commission ("SEC") has declared effective Founder's registration statement on Form S-4 relating to the previously announced business combination between Founder and Rubicon Technologies, LLC ("Rubicon"), a top online marketplace for recyclable materials and waste and provider of innovative software-based solutions for companies and governments globally.

The final proxy statement/ consent solicitation statement/ prospectus (the "Proxy Statement") will be sent to shareholders of record on May 24, 2022. The Proxy Statement includes a notification and voting instruction document or proxy card for the Founder's shareholders' extraordinary general meeting (the "Extraordinary Meeting").

The Extraordinary Meeting to approve the proposed business combination is set for August 2, 2022 at 9:00 a.m. Eastern Time at 800 Capitol Street, Suite 2400, Houston, TX 77002 and online at https://www.cstproxy.com/founderspac/2022. If the Extraordinary Meeting's proposals are approved, the parties expect the business combination to close and the combined entity to begin trading on the New York Stock Exchange under the new ticker symbols "RBT" and "RBT WS" pretty soon thereafter, subject to the fulfillment or waiver, as applicable, of all other closing conditions.

Each shareholder's vote counts, regardless of how many shares they own. As a result, Founder urges that each shareholder complete, sign, date, and send a proxy card (digitally or by mail) as soon as possible, and no later than 11:59 p.m. Eastern Time on August 1, 2022, to guarantee that the shareholder's shares are represented at the Extraordinary Meeting. Shareholders who own shares in "street name" (shares held of record by a broker, bank, or other nominee) must contact their broker, bank, or nominee to verify that their shares are voted.

If any Founder shareholder does not get the Proxy Statement, he or she should (i) check with his or her broker or (ii) contact Morrow Sodali LLC, Founder's proxy solicitor, for help through e-mail at FOUN.info@investor.morrowsodali.com or toll-free phone at (800) 662-5200. Banks and brokers may reach Morrow Sodali toll-free at (203) 658-9400.

Rubicon's Background
Rubicon is a digital waste and recycling marketplace as well as a supplier of innovative software-based solutions to companies and governments globally. The organization is setting a new industry standard by utilizing technology to promote environmental innovation, assisting companies in becoming more sustainable operations and neighborhoods in being greener and smarter places to work and live. Rubicon's aim is to put a stop to waste. It assists its partners in identifying economic value in their waste streams and successfully implementing their sustainability objectives. For additional information, go to www.Rubicon.com.

About the Founder
The objective of Founder is to execute a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more enterprises. While Founder is not restricted to a certain industry or geographic location, the organization concentrates on companies in the technology sector, with a special emphasis on the topic of digital transformation. CEO Osman Ahmed, CFO Manpreet Singh, and Executive Chairman Hassan Ahmed lead Founder. Jack Selby, Steve Papa, Allen Salmasi, and Rob Theis are among the company's independent directors. Nikhil Kalghatgi, a sponsor and adviser, chairs the company's advisory board.

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(As of July 7, 2022, funds managed by Cohanzick Management, LLC and its affiliates own a position in Founder SPAC)