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RUBICON Technological innovation EXTENDS Area 382 Rights Settlement TO Defend THE Value OF ITS Net …

Press release material from World Newswire. The AP news staff was not included in its creation.

Bensenville, IL, Dec. 18, 2020 (Globe NEWSWIRE) — Rubicon Technologies, Inc. (NASDAQ: RBCN) announced currently that it has entered into an modification to prolong its Portion 382 Rights Settlement (the “Rights Agreement”). The Rights Settlement was entered into in an hard work to preserve stockholder worth by protecting in opposition to a possible limitation on the Company’s ability to use its net functioning reduction carry-forwards, which for U.S. federal profits tax reasons had been approximated at approximately $188.1 million as of December 31, 2019.

The Legal rights Agreement was at first entered into in December 2017 and was scheduled to expire on December 18, 2020. The amendment, which has been unanimously permitted by the Board of Directors and was accepted by stockholders at the Company’s 2020 Yearly Assembly, extends the closing expiration day of the Rights Agreement to December 18, 2023. Except for the extension of the remaining expiration date, the Rights Agreement in any other case remains unmodified.
  
The Rights Arrangement is explained in and bundled as an show to the Present-day Report on Form 8-K filed with the Securities and Exchange Fee on December 18, 2017. Supplemental information and facts with regards to the modification of the Rights Agreement is included in the Existing Report on Variety 8-K and the Registration Statement on Form 8-A/A filed today by the Organization with the Securities and Exchange Commission.

About Rubicon Technologies, Inc.

Rubicon Technology Around the globe LLC, a wholly owned subsidiary of RTI, is an advanced resources provider specializing in monocrystalline sapphire products and solutions for optical programs and specialty digital units. Rubicon has a proprietary engineering platform and experience extending from the planning of uncooked aluminum oxide by way of sapphire crystal growth and fabrication, enabling Rubicon to supply tailor made sapphire solutions with remarkable excellent and precision. Rubicon is ISO 9001 accredited and ITAR registered.

Rubicon DTP LLC, dba Direct Dose Rx, is also a wholly owned subsidiary of RTI. Direct Dose Rx is a specialised pharmacy that gives prescription prescription drugs, above-the-counter medicines and nutritional vitamins to clients getting discharged from experienced nursing services and hospitals and straight to retail clients who want these prescription drugs delivered to their dwelling. The delivered merchandise are sorted by the dose, date and time to be taken and occur in uncomplicated to use perforated strip-packaging as opposed to independent pill bottles. Direct Dose Rx is currently licensed to function in various states. The companies presented by Immediate Dose Rx advantages individuals, experienced nursing amenities and hospitals by decreasing the risk of healthcare facility readmissions.

Rubicon is also discovering various alternatives to improve stockholder value, together with most likely by way of getting an present enterprise, establishing a new venture, or other investment decision prospects in buy to use Rubicon’s substantial internet operating losses.
  
Forward-Seeking Statements

Some statements provided in this information launch are forward-hunting statements within the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, and, therefore, involve uncertainties or risks that could bring about actual effects to vary materially therefrom. These statements may include words this kind of as “desires,” “believes,” “opinion,” “anticipates,” “plans,” “expects,” “intends,” “estimates,” “seeks,” “explores” or equivalent expressions. These statements are not assures of the Company’s potential overall performance and are issue to challenges, uncertainties and other vital aspects that could trigger genuine overall performance or achievements to differ materially from these expressed or implied by these ahead-searching statements. Such statements include, but are not limited to, the pursuit or completion of any acquisition, sale, enterprise transaction or expense prospect, or the Company’s ability to improve the benefit of its sapphire company, real estate or excessive property, make use of its net functioning losses or to enhance stockholder price. Supplemental info relating to aspects that could induce results to vary materially from management’s expectations are identified in the section entitled “Risk Factors” in the Company’s 2019 Yearly Report on Variety 10-K filed with the SEC on March 23, 2020, and as amended on April 29, 2020. The Company intends that the forward-on the lookout statements incorporated herein be subject matter to the above-stated statutory safe and sound harbors. Traders are cautioned not to rely on forward-on the lookout statements. The Firm disclaims any obligation to update ahead-wanting statements.

Get hold of:
Rubicon Know-how, Inc.
Timothy E. Brog
Main Government Officer
(847) 295-7000