Rubicon Technologies (RBT) has released an update to notify the public and investors about an entry into a material definitive agreement.
On January 24, 2024, Rubicon Technologies, Inc. entered into the third amendment of its Credit, Security, and Guaranty Agreement, involving various parties and revising key terms, definitions, and the “Events of Default” section. Concurrently, a Sponsor Guaranty and Sponsor Capital Contribution Agreement were executed with Rodina Capital, providing an unconditional guarantee for the Borrowers’ obligations, with specific limitations and conditions, and an agreement for a capital contribution with provisions for issuing Class A common stock in return, subject to certain liquidity conditions.
For further insights into RBT stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
