Rubicon announces the appointment of Paula Henderson to its

Lexington, Kentucky, July 14, 2022 (GLOBE NEWSWIRE) — Rubicon Technologies, LLC (“Rubicon” or the “Company”), a leading digital waste and recycling marketplace and provider of innovative software solutions for businesses and governments around the world, today announced the appointment of Paula Henderson, Executive Vice President and Chief Sales Officer, Americas, at SASto its board of directors (the “Board”) upon the closing of the Company’s previously announced business combination with Founder SPAC (Nasdaq: FOUN) (“Founder”).

“I am delighted that Paula Henderson has been nominated for election to Rubicon’s Board of Directors post-merger,” said Nate Morris, President and CEO of Rubicon. “Paula has a well-deserved reputation as a tireless leader, strategist and executive. She has been a driving force at SAS, helping the company grow year after year. I know she will bring the same dedication and leadership to our Board of Directors.

As Executive Vice President and Chief Sales Officer for the Americas at SAS, Ms. Henderson leads dedicated teams in government, financial services, healthcare, life sciences, consumer packaged goods, manufacturing, energy and telecommunications. SAS helps customers leverage the power of data and analytics to improve their operations, better serve their customers and address humanitarian issues related to natural disasters, opioid abuse, suicide prevention and even more.

“Rubicon and SAS share a commitment to creating a cleaner, healthier and safer world through technology and innovation,” said Ms. Henderson. “I look forward to working with Nate and the other board members to explore new opportunities to reduce waste in a way that not only benefits the planet, but also has business value.”

Outside of SAS, Ms. Henderson serves on the board of directors of the North Carolina State Chamber Roundtable and as president of the Roadside Alliance, a non-profit organization that raises funds for highway beautification. She also serves on the boards of North Carolina State University College of Science, the Institute for Emerging Issues, Prevent Child Abuse North Carolina, and First Flight Venture Center, Inc. Ms. Henderson received her MBA from Meredith College and his BS from North Carolina State University.

About Rubicon

Rubicon is a digital marketplace for waste and recycling, and a provider of innovative software solutions for businesses and governments around the world. By creating a new industry standard by using technology to drive environmental innovation, the company is helping transform businesses into more sustainable businesses and neighborhoods into greener, 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 achieve their sustainability goals. Learn more at

Rubicon previously announced an agreement for a business combination with Founder, which is expected to result in Rubicon becoming a public company listed on the New York Stock Exchange (“NYSE”) under the new symbol “RBT” early in the third quarter. of 2022, subject to customary closing conditions.

About the Founder SPAC

Founder is a blank check corporation whose business purpose is to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or several companies. While Founder is not limited to any particular industry or geographic region, the company focuses on companies in the technology sector, with a particular focus on the topic of digital transformation. The 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 business combination information and where to find it

Founder 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 “Statement Registration Document”) 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 Proxy Circular Definitive Statement/Consent Solicitation Statement/Prospectus, and other documents filed with the SEC, as such documents will contain important information about the 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). Following the Effectiveness Statement of the Registration Statement, the Proxy Statement/Consent Solicitation Statement/Final Prospectus will be mailed to Founder Shareholders on a record date to be determined to vote on the Combination businesses and other matters described in the registration statement. Founding shareholders may also obtain copies of the proxy statement/consent statement/prospectus and other documents filed with the SEC which will be incorporated by reference into the consent/prospectus, free of charge, when available, at the SEC’s website at, or by directing a request to: Founder SPAC, 11752 Lake Potomac Drive, Potomac, MD, 20854, at attention of the CFO, (240) 418-2649.

Participants in the solicitation

The Founder and its directors and officers may be considered participants in the solicitation of proxies from the shareholders of the Founder with respect to the business combination. A list of the names of such directors and officers and a description of their interests in the business combination are set forth in the registration statement.

Rubicon and its directors and officers may also be considered participants in the solicitation of proxies from Founder shareholders in connection with the business combination. A list of the names of such directors and officers and information regarding their interests in the business combination are set forth in the registration statement.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The actual results of Founder and Rubicon may differ from their expectations, estimates and projections and, therefore, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “expect”, “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, but are not limited to, the Founder’s and Rubicon’s expectations regarding the future performance and anticipated financial impacts of the business combination, the satisfaction of the closing conditions of the business combination and the timing 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 beyond Founder’s and Rubicon’s control that are difficult to predict. Factors that could cause such differences include, but are not limited to: (1) the outcome of any legal proceedings that may be brought against Founder and Rubicon following the announcement of the merger agreement and the transactions that are considered there; (2) the inability to complete the Business Combination, including due to the inability to obtain Founder’s shareholder approval, approvals or other determinations of certain regulatory authorities, or other closing conditions in the Merger Agreement; (3) the occurrence of any event, change or other circumstance which could give rise to the termination of the Merger Agreement or which could otherwise prevent the closing of the transactions contemplated therein; (4) the inability to obtain or maintain the listing of the shares of the combined company on the New York Stock Exchange following the Business Combination; (5) the risk that the Business Combination will disrupt ongoing plans and operations following the announcement and consummation of the Business Combination; (6) the ability to recognize the expected 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 the growth profitably and to retain its key employees ; (7) costs relating to the Business Combination; (8) changes in applicable laws or regulations; (9) the possibility that Rubicon or the combined company will 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 meet long-term debt covenants; (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 set forth from time to time in the registration statement and other documents filed or to be filed by the Founder with the SEC.

The Founder cautions that the above list of factors is not exclusive. Although the Founder believes that the expectations reflected in these forward-looking statements are reasonable, nothing in this press release should be taken as a representation by anyone that the forward-looking statements or projections set forth herein will be realized or that any of the intended results of such forward-looking statements or projections will be realized. There may be additional risks that Founder and Rubicon are not currently aware of or that they currently believe to be immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. The Founder cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date made. Neither Founder nor Rubicon undertakes to update these forward-looking statements, except as otherwise required by law.

No offer or solicitation

This press release does not constitute a solicitation of proxy, consent or authorization with respect to any security or with respect to the business combination. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of any 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 offer of securities may be made except by means of a prospectus satisfying the requirements of Article 10 of the Securities Law.


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