Rubicon Technologies, LLC (“Rubicon” or “the Company”), a leading
digital marketplace for waste and recycling and provider of
innovative software-based solutions for businesses and governments
worldwide, today announced that the Company’s Chairman and CEO,
Nate Morris, delivered the commencement speech to Kentucky’s
Governor’s School for Entrepreneurs (“GSE”) 2022 graduating class
on Saturday, July 2, 2022.
The GSE is an anchor in Kentucky’s entrepreneurial landscape,
known for developing and enabling the entrepreneurs of tomorrow,
and fostering a culture of innovation in the heartland. The school
has become a nurturing ground for innovators, helping to build a
pipeline of future business leaders in the state. Its doors opened
to the first group of young entrepreneurs in 2013, and the school
brings teens from across the state into a three-week residential
program, immersing them in a creative space and providing them with
the tools needed to unleash their entrepreneurial drive for the
betterment of Kentucky.
“I believe that the next wave of innovation, and the next
generation of great entrepreneurs, will come out of the heartland
of America,” said Nate Morris, Chairman and CEO of Rubicon. “The
GSE and its graduates prove that the spirit of entrepreneurship is
thriving in Kentucky, that big ideas can come from anywhere in our
country, and that innovation is not limited to the east and west
coasts. It was an honor to speak to this year’s graduating
class.”
In his remarks, Mr. Morris discussed his experience founding and
building Rubicon into a billion-dollar business, the
entrepreneurial mindset, and his firm belief in the bright future
of the next generation of innovators to come out of Kentucky and
the surrounding regions.
During the residential program, teams of high school students
develop a business model, design a prototype, and pitch their
startup idea to a large audience and a panel of judges. GSE teaches
its students how to capitalize on the opportunities and benefits of
taking a business concept from the idea phase all the way to
pitching it to potential investors, and how to avoid the pitfalls
that come with this process.
“We want our teens to walk away from their experience at GSE
with a passion for entrepreneurship that lasts a lifetime,” said
Natasha Sams, Executive Director at the Governor’s School for
Entrepreneurs. “Nate helps us plant the seeds that will bloom into
future businesses and startups. His story is powerful and
represents what’s possible in Kentucky as an entrepreneur and as an
innovator. GSE is cultivating the next generation of entrepreneurs,
and we know Nate’s wisdom and advice will stay with our teens
as they work to launch their own ideas. We thank him for his
continued support of our mission.”
GSE’s framework inspires creativity, leadership, and innovation
by taking students out of their communities and immersing them in a
multidimensional and non-traditional learning experience. Most of
the GSE business teams develop ideas for mobile apps, software
products, or physical products for a number of different
industries. GSE fosters its students’ innate entrepreneurial
passions for problem solving, with technology solutions focused on
Kentucky’s most promising industries at the heart of the
experience.
About Rubicon
Rubicon is a digital marketplace for waste and recycling, and
provider of innovative software-based solutions for businesses and
governments worldwide. Creating a new industry standard by using
technology to drive environmental innovation, the Company helps
turn businesses into more sustainable enterprises, and
neighborhoods into greener and smarter places to live and work.
Rubicon’s mission is to end waste. It helps its partners find
economic value in their waste streams and confidently execute on
their sustainability goals. Learn more at Rubicon.com.
Rubicon previously announced an agreement for a business
combination with Founder SPAC (“Founder”) (Nasdaq: FOUN), which is
expected to result in Rubicon becoming a public company listed on
the New York Stock Exchange (“NYSE”) under the new ticker symbol
“RBT” early in the third quarter of 2022, subject to customary
closing conditions.
About the Governor’s School for Entrepreneurs (GSE)
The Governor's School for Entrepreneurs (GSE) is a relative
newcomer on the list of Kentucky’s Governor's Schools, having
opened to its first group of students in 2013. Since 2013, more
than 700 student entrepreneurs have gained vital entrepreneurial
skills through the program to use as they enter the workplace or
continue into higher education. GSE alumni have launched more
than 30 new businesses, filed multiple patents, and developed new
ideas and relationships that sow the seeds for more business
formation. Dozens of alumni have chosen to enroll in
entrepreneurial programs at Kentucky universities and attribute
this decision to the inspiration they received by attending GSE in
high school. GSE fosters and empowers the commonwealth’s future
business owners and community leaders, giving these teens the
support they need to go from high school students to business
owners. Applications for the 2023 Governor’s School for
Entrepreneurs will open in November. Parents, educators,
entrepreneurs and teens who believe grit, a growth mindset and
creativity in problem solving tell as much about a young person as
good grades and test scores, can learn more about the GSE
at www.KentuckyGSE.com.
About Founder SPAC
Founder SPAC 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
particular industry or geographic region, the company focuses on
businesses within the technology sector, with a specific focus on
the theme of Digital Transformation. Founder is led by CEO Osman
Ahmed, CFO Manpreet Singh, and Executive Chairman Hassan Ahmed. The
company’s independent directors include Jack Selby, Steve Papa,
Allen Salmasi, and Rob Theis. Sponsor and advisor, Nikhil
Kalghatgi, leads the company’s advisory board.
Important Information About the Business Combination and
Where to Find It
Founder’s shareholders and other interested persons are advised
to read, carefully and in their entirety, the preliminary proxy
statement/consent solicitation statement/prospectus included in the
registration statement on Form S-4 (the “Registration Statement”)
filed with the U.S. Securities and Exchange Commission (the “SEC”)
on February 1, 2022 (including any amendments or supplements
thereto) and, when available, the definitive proxy
statement/consent solicitation statement/prospectus, as well as
other documents filed with the SEC, as these materials will contain
important information about Founder, Rubicon and the other parties
to the Merger Agreement (as defined in the Registration Statement),
and the Business Combination (as defined in the Registration
Statement). After the Registration Statement is declared effective,
the definitive proxy statement/consent solicitation
statement/prospectus will be mailed to shareholders of Founder as
of a record date to be established for voting on the Business
Combination and other matters described in the Registration
Statement. Founder shareholders will also be able to obtain copies
of the proxy statement/consent solicitation statement/prospectus
and other documents filed with the SEC that will be incorporated by
reference in the proxy statement/consent solicitation
statement/prospectus, without charge, once available, at the SEC’s
web site at sec.gov, or by directing a request to: Founder SPAC,
11752 Lake Potomac Drive, Potomac, MD, 20854, Attention: Chief
Financial Officer, (240) 418-2649.
Participants in the Solicitation
Founder and its directors and executive officers may be deemed
participants in the solicitation of proxies from Founder’s
shareholders with respect to the Business Combination. A list of
the names of those directors and executive officers and a
description of their interests in the Business Combination is
contained in the Registration Statement.
Rubicon and its directors and executive officers may also be
deemed participants in the solicitation of proxies from the
shareholders of Founder in connection with the Business
Combination. A list of the names of such directors and executive
officers and information regarding their interests in the Business
Combination is contained in the Registration Statement.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Founder’s and Rubicon’s
actual results may differ from their expectations, estimates and
projections and consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believe,” “predict,” “potential,” “continue,” and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Founder’s and Rubicon’s expectations with respect to
future performance and anticipated financial impacts of the
Business Combination, the satisfaction of the closing conditions to
the Business Combination and the timing of the completion of the
Business Combination. These forward-looking statements involve
significant risks and uncertainties that could cause actual results
to differ materially from expected results, including factors that
are outside of Founder’s and Rubicon’s control and that are
difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) the outcome of any legal
proceedings that may be instituted against Founder and Rubicon
following the announcement of the Merger Agreement and the
transactions contemplated therein; (2) the inability to complete
the Business Combination, including due to failure to obtain the
approval of the shareholders of Founder, approvals or other
determinations from certain regulatory authorities, or other
conditions to closing in the Merger Agreement; (3) the occurrence
of any event, change or other circumstance that could give rise to
the termination of the Merger Agreement or that could otherwise
cause the transactions contemplated therein to fail to close; (4)
the inability to obtain or maintain the listing of the combined
company’s shares on the New York Stock Exchange following the
Business Combination; (5) the risk that the Business Combination
disrupts current plans and operations as a result of the
announcement and consummation of the Business Combination; (6) the
ability to recognize the anticipated benefits of the Business
Combination, which may be affected by, among other things,
competition and the ability of the combined company to grow and
manage growth profitably and to retain its key employees; (7) costs
related to the Business Combination; (8) changes in applicable laws
or regulations; (9) the possibility that Rubicon or the combined
company may be adversely affected by other economic, business,
and/or competitive factors; (10) the combined company’s ability to
raise financing in the future and to comply with restrictive
covenants related to long-term indebtedness; (11) the impact of
COVID-19 on Rubicon’s business and/or the ability of the parties to
complete the Business Combination; and (12) other risks and
uncertainties indicated from time to time in the Registration
Statement and other documents filed, or to be filed, by Founder
with the SEC.
Founder cautions that the foregoing list of factors is not
exclusive. Although Founder believes the expectations reflected in
these forward-looking statements are reasonable, nothing in this
press release should be regarded as a representation by any person
that the forward-looking statements or projections set forth herein
will be achieved or that any of the contemplated results of such
forward-looking statements or projections will be achieved. There
may be additional risks that Founder and Rubicon presently do not
know of or that they currently believe are immaterial that could
also cause actual results to differ from those contained in the
forward-looking statements. Founder cautions readers not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. Neither Founder nor Rubicon undertakes
any duty to update these forward-looking statements, except as
otherwise required by law.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent, or authorization with respect to any securities or
in respect of the Business Combination. This press release shall
also not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act.
Media Contact – Rubicon
Dan Sampson
Chief Marketing & Corporate Communications Officer
dan.sampson@rubicon.com
rubiconPR@icrinc.com
Investor Relations Contact – Rubicon
Sioban Hickie,
ICR, Inc.
rubiconIR@icrinc.com
Founder SPAC Contact
Cody Slach
Gateway Group
(949) 574-3860
FOUN@gatewayir.com
Founder SPAC (NASDAQ:FOUN)
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