Thanks for the file, I hope I have attached the way it should be.
I used two Plain Effectors, one to move the letters away.
Then I placed the MoText under a Fracture Object
The next Plain Effector creates the rotation and the Delay Effector is responsible for the “spring” effect.
So, why the Fracture. If I did not used this trick, the Spring effect would be different and had some influences from the first Plain Effector in it. If that is not a problem, use the three Effectors in this sequence: Plain Distance, Plain Rotation, Delay (top to button)
I hope that works for you.
All the best and enjoy your weekend