{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-24-008099","form_type":"8-K","ticker":null,"cik":"0001862068","company_name":"Rubicon Technologies, Inc.","filed_at":"2024-12-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.149882+00:00","generated_at":"2026-05-29T06:45:42.723530+00:00","sec_items":["1.01","3.02","3.03","5.02","5.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Rubicon issues $28.8M Series B Preferred, refinances debt, appoints two directors","bullets":["Sold 28,800 shares of Series B Preferred at $1,000/share for $28.8M gross proceeds; net $18.2M after repaying $1.8M to Palantir.","Series B Preferred carries 8% dividend, stepping to max 16%; convertible into ~7.37B shares of Class A common, massively dilutive.","Terminated Acquiom and MidCap credit agreements; entered new $135M Eclipse revolving facility maturing Dec 2027.","Directors Paula Dobriansky and Paula Henderson resigned; Jose Miguel Enrich and Michael Dulin appointed."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-24-008099","json":"https://secwatch.observer/filing/0001829126-24-008099.json","markdown":"https://secwatch.observer/filing/0001829126-24-008099.md","text":"https://secwatch.observer/filing/0001829126-24-008099.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1862068/000182912624008099/0001829126-24-008099-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1862068/000182912624008099/rubicontech_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T06:45:42.723530+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"024f7fca41a2f3f1d8d645c3c46553312a210cf9","claim":"Rubicon Technologies, Inc.: Filed Initial Series B Certificate of Designations establishing rights and preferences of Series B Preferred Stock (effective 2024-12-03).","evidence_excerpt":"The Initial Series B Certificate of Designations was filed with the Secretary of State of the State of Delaware on December 3, 2024 and became effective upon filing.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1862068/000182912624008099/0001829126-24-008099-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-12-03"}],"fact_type":"governance_change"},{"claim_id":"5f32f565757b0021927ce5f630e234ec58e86aea","claim":"Rubicon Technologies, Inc.: Approved and filed Series B Certificate of Designations amending rights and preferences for additional shares of Series B Preferred Stock (effective 2024-12-05).","evidence_excerpt":"On December 4, 2024, the Company’s Board approved the Series B Certificate of Designations to provide for the issuance of additional shares of Series B Preferred Stock with related amendments to the designations, rights, preferences, powers, restrictions and limitations of the Series B Preferred Stock set forth in the Series B Certificate of Designations. The Series B Certificate of Designations was filed with the Secretary of State of the State of Delaware on December 5, 2024 and became effective upon filing.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1862068/000182912624008099/0001829126-24-008099-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-12-05"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}