Winston & Strawn Represents Founder SPAC

Winston & Strawn represented Founder SPAC (Nasdaq: FOUN), a publicly traded special purpose acquisition company, in the closing of its previously announced merger with Rubicon Technologies, LLC (“Rubicon”), a certified B-Corporation and innovative software platform that provides smart waste and recycling solutions for businesses and governments worldwide. Rubicon is a leading environmental innovator using its pioneering cloud-based technology and software platform to provide smart waste and recycling solutions for businesses and governments, via its network of more than 8,000 hauling and recycling partners, across 20 countries, worldwide. The business combination values Rubicon at an implied $1.7 billion pro forma enterprise value, at a price of $10.00 per share. Over 97% of shareholders voted in favor of the transaction, which will result in gross proceeds of approximately $432 million to Rubicon, including a $111 million fully committed PIPE, anchored by Palantir Technologies, the New Zealand Super Fund, and Rodina Capital.
 
Press Release

https://www.globenewswire.com/news-release/2022/08/03/2491242/0/en/Founder-SPAC-Shareholders-Approve-Previously-Announced-Business-Combination-with-Rubicon-Technologies-LLC.html
 
Deal Team

Mike Blankenship, Lead Partner, Houston
Louis B. Savage, Lead Associate, Houston
James R. Brown, Partner, Houston
Steve Flores, Partner, Chicago
Laura Franco, Partner, San Francisco
Dean Hinderliter, Partner, Dallas
Stephanie Sebor, Partner, Chicago
Jennifer Stadler, Partner, New York
Madalyn Brown, Associate, Chicago
Joe Dimont, Associate, San Francisco
Marcus Garcia, Associate, Chicago
Justin A. Linder, Associate, Washington, DC
Chris McAlister, Associate, Dallas
Luke McFarland, Associate, Washington, DC
John P. Niedzwiecki, Associate, Houston
Robbie Oakes, Associate, Houston
Luisa F. Patoni, Associate, Houston
Alexandra Santana, Associate, Houston
Franklin Y. Shen, Associate, Houston
Eric Shinabarger, Associate, Chicago
Ben Smolij, Associate, Houston