Rubicon Technologies went public via merger with Founder SPAC in a $1.7bn deal.

Rubicon Technologies, a software platform that provides smart waste and recycling solutions for businesses and governments worldwide, went public via merger with Founder SPAC, a publicly-traded special purpose acquisition company, in a $1.7bn deal. "Historically, waste has been an overlooked issue but in Rubicon we have built a different kind of company, one that has sought to address the entrenched shortcomings of the industry and bring the issue of waste into the public consciousness. As a Lexington, Kentucky-based company, our proven track record of environmental innovation shows that transformational ideas can come from anywhere, and demonstrates the power of forward-thinking businesses to drive positive change in our world. This transaction reflects a transformative step in our company’s long, successful track record. While the waste and recycling category is highly resilient, it is ripe for improvements in efficiency and sustainability, and the successful execution of our growth strategy will help propel the industry into the current age of digitization while facilitating the broader sustainability goals of customers and communities around the world. In doing so, we are creating a new standard for the waste and recycling category," Nate Morris, Rubicon CEO. On August 3, 2022, Founder SPAC shareholders approved the $1.7bn merger with Rubicon Technologies.