Rubicon Technologies, Inc. announced a private placement that it will issue convertible preferred stock to new investor, Rodina Capital AD for the aggregate gross proceeds of $94,200,000 on May 7, 2024. The transaction includes up-front cash and an earnout consideration of $74.2 million payable in 2024 and a $20 million issuance of convertible preferred stock. The transaction has been approved by an independent special committee of company?s Board of Directors.
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24 BGN | -14.29% | -14.29% | 28.68M | ||
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+31.16% | 20.54B | |
-3.54% | 18.05B | |
+5.45% | 17.09B | |
+28.88% | 15.45B |
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- Rubicon Technologies, Inc. announced that it expects to receive $94.2 million in funding from Rodina Capital AD