---
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"
generated_at: "2026-05-29T06:45:42.723530+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Rubicon issues $28.8M Series B Preferred, refinances debt, appoints two directors

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-24-008099
- form_type: 8-K
- cik: 0001862068
- company_name: Rubicon Technologies, Inc.
- filed_at: 2024-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-008099
- JSON: https://secwatch.observer/filing/0001829126-24-008099.json
- Plain text: https://secwatch.observer/filing/0001829126-24-008099.txt

## Key facts
- Governance Changes
  Rubicon Technologies, Inc.: Filed Initial Series B Certificate of Designations establishing rights and preferences of Series B Preferred Stock (effective 2024-12-03).
  - Change: charter amendment
  - Effective: 2024-12-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1862068/000182912624008099/0001829126-24-008099-index.htm
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2024-12-05
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1862068/000182912624008099/0001829126-24-008099-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.