PITTSBURGH–( BUSINESS WIRE)– Aurora Innovation, Inc.( Nasdaq AUR) moment blazoned the pricing of its underwritten public immolation of shares of its Class A common stock at$3.00 per share. All of the securities are to be vented by Sunup. In addition, sunup has granted the backers a 30-day option to buy up to fresh shares of its Class A common stock at the public immolation price, less the underwriting abatements and commissions. Before abating the underwriting abatements and commissions and estimated immolation charges, sunup expects to admit gross proceeds of roughly$ 220 million from the public immolation, assuming no exercise of the backers ’ option to buy fresh shares. The immolation is anticipated to close on or about July 21, 2023, subject to the satisfaction of customary ending conditions.
Concurrent with the public immolation, sunup also entered into a common stock purchase agreement with certain institutional and strategic investors, realities combined with two of Aurora’s directors, and new institutional investors to issue and vend shares of its Class A common stock at$2.70 per share, for aggregate gross proceeds of$ 600 million through a private placement. The trade of these shares of Class A common stock won’t be registered under the Securities Act of 1933, as amended( the “ Securities Act ”). The concurrent private placement is anticipated to close on July 21, 2023. The concurrent private placement isn’t conditioned on the ending of the public immolation but is subject to customary ending conditions.
Goldman Sachs &Co. LLC and Allen & Company LLC are acting as common book-running directors, Evercore ISI is acting as book-runner and Canaccord Genuity, TD Cowen and Nomura are acting as managers for the underwritten public immolation. Allen & Company LLC and Goldman Sachs &Co. LLC are also acting as placement agents for the concurrent private placement.
sunup filed a Registration Statement on Form S- 3 which was declared effective by theU.S. Securities and Exchange Commission( the “ SEC ”), and has filed a primary prospectus supplement and accompanying prospectus relating to and describing the terms of the underwritten public immolation. A final prospectus supplement and accompanying prospectus relating to the immolation will also be filed with the SEC. These documents can be penetrated for free through the SEC’s website at www.sec.gov. When available, clones of the final prospectus supplement and the accompanying prospectus relating to the underwritten public immolation may also be attained from Goldman Sachs &Co. LLC, Attention Prospectus Department, 200 West Street, New York, New York 10282- 2198; or Allen & Company LLC, Attention Prospectus Department, 711 Fifth Avenue New York, New York 10022.
This press release doesn’t constitute an offer to vend or a supplication of an offer to buy, nor will there be any trade of these shares of Class A common stock in any state or other governance in which a similar offer, supplication, or trade would be unlawful before enrollment or qualification under the securities laws of any similar state or governance.
The Class A common stock offered in the concurrent private placement hasn’t been registered under the Securities Act, or any state or other applicable governance’s securities laws and may not be offered or vented in the United States absent enrollment or applicable impunity from the enrollment conditions of the Securities Act and applicable state or other authorities ’ securities laws. coincidently with the prosecution of the common stock purchase agreement, sunup and the investors entered into an enrollment rights agreement pursuant to which sunup has agreed to file an enrollment statement with the SEC registering the resale of the shares ended in the concurrent private placement. Any immolation of the shares ended in the concurrent private placement under the resale enrollment statement will only be made by means of a prospectus.
