Rubicon Sale of Fleet

Winston & Strawn represented Rubicon Technologies Inc., a leading provider of technology solutions for waste, recycling, and fleet operations, in the sale of their fleet technology business and issuance of convertible preferred stock in Rubicon to Rodina Capital, a private investment firm based in Florida.  The sale had a total transaction value of $94.2 million, which included up-front cash and an earnout consideration of $74.2 million, payable in 2024 and a $20 million issuance of convertible preferred stock.