Aurora Announces Pricing of $420 Million Upsized Public Offering of Class A Common Stock
01 Agosto 2024 - 9:00AM
Business Wire
Aurora Innovation, Inc. (Nasdaq: AUR) today announced the
pricing of its underwritten upsized public offering of 116,666,667
shares of its Class A common stock at $3.60 per share. All of the
securities are to be sold by Aurora. In addition, Aurora has
granted the underwriters a 30-day option to purchase up to an
additional 17,500,000 shares of its Class A common stock at the
public offering price, less the underwriting discounts and
commissions. Before deducting the underwriting discounts and
commissions and estimated offering expenses, Aurora expects to
receive gross proceeds of approximately $420 million from the
public offering, assuming no exercise of the underwriters’ option
to purchase additional shares. The offering is expected to close on
or about August 2, 2024, subject to satisfaction of customary
closing conditions.
Goldman Sachs & Co. LLC, Allen & Company LLC and Morgan
Stanley are acting as joint book-running managers and Evercore ISI,
Canaccord Genuity, TD Cowen and Wolfe | Nomura Alliance are acting
as book-runners for the offering.
Aurora filed a Registration Statement on Form S-3 which was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”), and has filed a preliminary prospectus supplement and
accompanying prospectus relating to and describing the terms of the
underwritten public offering. A final prospectus supplement and
accompanying prospectus relating to the offering will also be filed
with the SEC. These documents can be accessed for free through the
SEC’s website at www.sec.gov. When available, copies of the final
prospectus supplement and the accompanying prospectus relating to
the underwritten public offering may also be obtained from: Goldman
Sachs & Co. LLC, Attention: Prospectus Department, 200 West
Street, New York, New York 10282-2198; Allen & Company LLC,
Attention: Prospectus Department, 711 Fifth Avenue New York, New
York 10022; or Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor will there be any sale of
these shares of Class A common stock in any state or other
jurisdiction in which such offer, solicitation, or sale would be
unlawful before registration or qualification under the securities
laws of any such state or jurisdiction.
About Aurora
Aurora (Nasdaq: AUR) is delivering the benefits of self-driving
technology safely, quickly, and broadly to make transportation
safer, increasingly accessible, and more reliable and efficient
than ever before. The Aurora Driver is a self-driving system
designed to operate multiple vehicle types, from freight-hauling
trucks to ride-hailing passenger vehicles, and underpins Aurora’s
driver-as-a-service products for trucking and ride-hailing.
Forward-Looking Statements
This press release contains forward-looking statements as that
term is defined in Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such statements
include, but are not limited to the timing and size of the
offering. These forward-looking statements are neither promises nor
guarantees and are subject to a variety of risks and uncertainties,
including but not limited to: whether or not Aurora will be able to
raise capital through the sale of Class A common stock or
consummate the proposed offering; and its expectations with respect
to granting the underwriters a 30-day option to purchase additional
shares of Class A common stock; the satisfaction of closing
conditions; and other risks. Information regarding the foregoing
and additional risks are described in the Risk Factors sections of
the preliminary prospectus supplement for the underwritten public
offering filed with the SEC, and the documents incorporated by
reference therein, including without limitation those risks and
uncertainties identified in the “Risk Factors” section of Aurora’s
Registration Statement on Form S-3 declared effective by the SEC on
January 8, 2024, the accompanying prospectus, Aurora’s Annual
Report on Form 10-K filed with the SEC on February 15, 2024, as
amended by Aurora’s Form 10-K/A filed with the SEC on May 24, 2024,
and other filings that Aurora makes with the SEC from time to time.
All forward-looking statements reflect Aurora’s beliefs and
assumptions only as of the date of this press release. Aurora
undertakes no obligation to update forward-looking statements to
reflect future events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20240801604479/en/
Investor Relations: Stacy Feit ir@aurora.tech
Media: press@aurora.tech
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