Rubicon Technologies Inc Entered Into A Controlled Equity Offerings Sales Agreement With Cantor Fitzgerald & Co; Under Sales Agreement May Offer And Sell Shares Of Class A Common Of Up To $50M From Time To Time Through Sales Agent
Portfolio Pulse from Benzinga Newsdesk
Rubicon Technologies Inc has entered into a controlled equity offerings sales agreement with Cantor Fitzgerald & Co. Under this agreement, Rubicon may offer and sell shares of Class A Common of up to $50M from time to time through the sales agent.
September 21, 2023 | 8:40 pm
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Rubicon Technologies has the potential to raise up to $50M through the sale of Class A Common shares under a new agreement with Cantor Fitzgerald & Co.
The agreement with Cantor Fitzgerald allows Rubicon Technologies to sell up to $50M of Class A Common shares. This could potentially provide a significant capital influx for the company, which could be used for various growth initiatives. This news is likely to be viewed positively by the market, potentially leading to an increase in Rubicon's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100