Company Statement on Silicon Valley Bank and Signature Bank Closures

Rubicon Technologies, Inc. (the “Company”) is aware of media reports indicating the closure of Silicon Valley Bank (“SVB”) and Signature Bank (“Signature”) and the appointment of the Federal Deposit Insurance Corporation as receiver in both matters. The Company informs its investors that the Company does not hold any cash or cash equivalents at SVB or Signature, and it does not have any banking relationship with either institution.

Rubicon is a digital marketplace for waste and recycling, and provider of innovative software-based products for businesses and governments worldwide. Creating a new industry standard by using technology to drive environmental innovation, the company helps turn businesses into more sustainable enterprises, and neighborhoods into greener and smarter places to live and work. Rubicon’s mission is to end waste. It helps its partners find economic value in their waste streams and confidently execute on their sustainability goals.

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