Rubicon Technologies, INC
Market Movers (8-K)
8-K: Rubicon Technologies Amends CFO's Employment Agreement to Correct Errors and Clarify Start Date
Rubicon Technologies has amended its employment agreement with CFO Eric Thomas Bauer to correct minor errors and clarify his start date, with no material changes to the terms of his employment.
Rubicon Technologies has appointed Eric Bauer as its new Chief Financial Officer, while Grant Deans will transition to the role of Controller.
Rubicon Technologies has entered into a new $135 million credit agreement and issued $28.8 million in Series B Preferred Stock, while also terminating previous credit facilities.
Better than expected
Capital raise
Rubicon Technologies has announced a strategic refinancing of its existing debt and a $20 million preferred equity raise to strengthen its financial position and enhance services.
Better than expected
Capital raise
Rubicon Technologies has engaged CohnReznick as its new independent auditor, replacing Cherry Bekaert, who declined reappointment.
Rubicon Technologies has announced that Cherry Bekaert LLP has declined to stand for re-appointment as their independent auditor, and they are in the process of engaging CohnReznick LLP as their new auditor.
Quarterly Earnings (10-Q)
Rubicon Technologies reports a net loss for Q3 2024, impacted by strategic changes including the sale of its SaaS business, and faces substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
Rubicon Technologies reports a net income of $9.4 million for the six months ended June 30, 2024, primarily driven by a gain on the sale of its SaaS business, while facing challenges in its core operations.
Worse than expected
Delay expected
Capital raise
Rubicon Technologies' Q1 2024 results show a decrease in revenue and a net loss, alongside the strategic decision to sell its Software-as-a-Service business.
Worse than expected
Capital raise
Annual Reports (10-K)
Rubicon Technologies has filed an amended annual report to correct a reclassification error that impacted its balance sheet and statement of stockholders' equity for 2023 and prior periods.
Worse than expected
Capital raise
Rubicon Technologies has filed an amendment to its annual report to include an incentive-based compensation recoupment policy, also known as a clawback policy.
Rubicon Technologies, a digital marketplace for waste and recycling, released its 2023 annual report, highlighting revenue growth alongside ongoing net losses and strategic cost-cutting measures.
Worse than expected
Capital raise
Insider Trading (Form 4)
Palantir Technologies, a significant shareholder of Rubicon Technologies, has sold a portion of its Class A Common Stock in a series of open market transactions.
Palantir Technologies sold shares of Rubicon Technologies (RBTC) between September 18 and September 20, 2024.
Palantir Technologies, a 10% owner of Rubicon Technologies, sold shares of Class A Common Stock in multiple open market sales between September 13 and September 17, 2024.
Palantir Technologies, a significant shareholder of Rubicon Technologies, has sold a portion of its Class A Common Stock in a series of open market transactions.
Palantir Technologies, a significant shareholder of Rubicon Technologies, has sold a portion of its Class A Common Stock in a series of open market transactions.
Palantir Technologies, a significant shareholder of Rubicon Technologies, has been selling off shares in the open market.
Proxy Statements (Def-14A)
Rubicon Technologies will hold its 2024 Annual Meeting of Stockholders virtually on June 6, 2024, to elect directors and ratify the appointment of its independent accounting firm.