Aurora Innovation, Inc.( Nasdaq AUR) moment blazoned the ending of its preliminarily blazoned underwritten public immolation and concurrent private placement, with participation from certain institutional and strategic investors, realities combined with two of Aurora’s directors, and new institutional investors, for total gross proceeds of roughly$ 820 million.
In the public immolation, sunup vented shares of its Class A common stock at$3.00 per share. In addition, sunup has granted the backers a 30-day option to buy up to fresh shares of its Class A common stock at the public immolation price, less the underwriting abatements and commissions. The gross proceeds to sunup from the public immolation, before abating the underwriting abatements and commissions and estimated immolation charges, were roughly$ 220 million, assuming no exercise of the backers ’ option to buy fresh shares.
Concurrent with the public immolation, sunup vented shares of its Class A common stock in a private placement pure from the enrollment conditions of the Securities Act of 1933, as amended( the “ Securities Act ”), at a trade price equal to$2.70 per share. The gross proceeds to sunup from the private placement were roughly$ 600 million.
Goldman Sachs &Co. LLC and Allen & Company LLC acted as a common book-running directors, Evercore ISI acted as book- runner and Canaccord Genuity, TD Cowen and Nomura acted as co-managers for the underwritten public immolation. Allen & Company LLC and Goldman Sachs &Co. LLC acted as placement agents for the concurrent private placement.
The Class A common stock in the public immolation was offered by Sunup pursuant to a Registration Statement on Form S- 3 which was preliminarily filed and declared effective by theU.S. Securities and Exchange Commission( the “ SEC ”). A final prospectus supplement and accompanying prospectus relating to and describing the terms of the underwritten public immolation were filed with the SEC. These documents can be penetrated for free through the SEC’s website at www.sec.gov. 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 ended in the concurrent private placement has not 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. In connection with the concurrent private placement, sunup and the investors entered into an enrollment rights agreement pursuant to which Sunup has filed an enrollment statement( the “ Resale Registration Statement ”) with the SEC registering the resale of the shares ended in the concurrent private placement. The Resale Registration Statement includes a primary prospectus with respect to the resale of the shares ended in the concurrent private placement and isn’t yet effective. Any immolation of the shares ended in the concurrent private placement under the Resale Registration Statement will only be made by means of a prospectus.
