Rubicon Technologies SPAC Presentation Deck slide image

Rubicon Technologies SPAC Presentation Deck

Risk Factors Summary Certain factors may have a material adverse effect on our business, financial condition, and results of operations. The risks and uncertainties described below are not the only ones we face. Additional risks and uncertainties that we are unaware of, or that we currently believe are not material, may also become important factors that adversely affect our business. If any of the following risks actually occurs, our business, financial condition, results of operations, and future prospects could be materially and adversely affected. In that event, the trading price of our common stock following the business combination could decline, and you could lose part or all of your investment. Risks Relating to Our Business and Industry We have a history of net losses and project net losses in future periods. We may not appropriately manage our expenses, nor achieve nor maintain profitability in the future. We may be unable to manage our growth effectively. The waste and recycling industry is highly competitive, and if we cannot successfully compete in the marketplace, our business, financial condition and operating results may be materially adversely affected. Weakness in the U.S. economy may expose us to credit risk for amounts due from governmental entities, large national accounts, industrial customers and others. The COVID-19 pandemic has adversely affected our business and may continue to do so in the future. Our sales cycles can be long and unpredictable, and our sales efforts require considerable investment of time and expense. If our sales cycle lengthens or we invest substantial resources pursuing unsuccessful sales opportunities, our operating results and growth would be harmed. We may have environmental liabilities that are not covered by our insurance, regardless of whether we are at fault. If we fail to continue to improve and enhance the functionality, performance, reliability, design, security, or scalability of our platform in a manner that responds to our customers' evolving needs, our business may be adversely affected. Quality problems, defects, errors, failures, or vulnerabilities in our software solutions or services could harm our reputation and adversely affect our business, financial condition, results of operations, and prospects. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. A large percentage of our revenue is tied to a small number of customers, such that losing any one of those customers could materially and adversely affect our business, results of operations, and financial condition. Our business depends on customers using our platform, and any loss of customers or decline in their use of our platform could materially and adversely affect our business, results of operations, and financial condition. 12. Some clients may elect to terminate our contracts and manage operations internally. 13. Selling products and services into the public sector poses unique challenges. 14. If we fail to attract and retain qualified management and skilled technical personnel, our business may be adversely affected. 15. The success of our business depends, in part, on our ability to execute on our customer acquisition strategy. 16. Any inability to successfully integrate our recent or future acquisitions, or realize their anticipated benefits, could have a material adverse effect on us. 17. Our international operations subject us to additional risks that could adversely affect our business. 18. Our substantial levels of indebtedness could adversely affect our business. 19. The terms and covenants in our existing indebtedness restrict our ability to engage in some business and financial transactions, which could adversely affect our business. Risks Relating to Ownership of Our Securities 20. We may not meet the expectations of the market or achieve the valuation indicated in our business combination. 21. The price of our securities may be volatile and may trade significantly below the price you pay for them. Risks Relating to Third-Party Relationships 22. Our customers and the third parties with whom we contract are participants in the waste and recycling industry and are therefore subject to a number of unique risks specific to this industry, which directly or indirectly subjects our business to many of the same risks to which their respective operations are subject. If our security measures or those of our third-party cloud data hosts, cloud computing platform providers, or third-party service partners are breached and unauthorized access is obtained to an account's data, our data or our IT systems, our services may be perceived as not being secure, accounts may curtail or stop using our services, and we may incur significant legal and financial exposure and liabilities. 24. We and certain of our third-party partners, service providers, and subprocessors transmit and store personal information of our customers and consumers. If the security of this information is compromised or is otherwise accessed without authorization, our reputation may be harmed and we may be exposed to liability and loss of business. 23. Risks Relating to the Use of Technology and Intellectual Property 25. We may be unable to protect our proprietary rights. 26. We rely on software licensed from, and services rendered by, third parties in order to provide our modules and run our business. Material portions of our business require the Internet infrastructure to be reliable. 27. Risks Relating to Litigation 28. Future litigation or governmental proceedings could result in material adverse consequences, including judgments or settlements. RUBICON 4
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