Uber Technologies Inc

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Other Pre-Announcement

Aurora To Become A Public Company By Merging With Reinvent Technology Partners Y

Published: 07/15/2021 15:04 GMT
Uber Technologies Inc (UBER) - :aurora to Become a Public Company by Merging With Reinvent Technology Partners Y.
Aurora - Aurora Expected to Have $2.5 Billion in Cash at Closing.
Aurora - Raising Nearly $2 Billion From the Transaction Including a Committed Pipe of $1 Billion at a Pre-transaction Equity Value of $11 Billion.
Aurora - Aurora is Expected to Launch Its First Autonomous Product at the End of 2023.
Aurora - Combined Company Will Be Named Aurora Innovation, Inc. & Common Stock Expected to Be Listed on Nasdaq With the Ticker Symbol 'aur'.
Aurora - Investors in Pipe Include Baillie Gifford, Funds & Accounts Managed by Counterpoint Global, Funds & Accounts Advised by T. Rowe Price Associates.
Aurora - Reid Hoffman Has Recused Himself From Discussions and Decisions of Reinvent’s Board About the Proposed Transaction.
Aurora - Aurora Expects That Hoffman Will Remain a Member of Its Board of Directors.
Aurora - Proposed Transaction Has Been Unanimously Approved by the Transaction Committee of Reinvent and the Board of Directors of Aurora.
Aurora - Karen Francis Has Recused Herself From Discussions of Reinvent’s Board of Directors About the Proposed Transaction.
Aurora - Aurora is Also Expected to Scale Rapidly in Passenger Mobility With the Support of Toyota and Uber.
Aurora - Existing Aurora Stockholders Are Expected to Own About 84% of the Pro Forma Combined Company Following Close of Proposed Transaction.
Aurora - Volvo Group, Paccar, and Uber Are Committed Investors in Pipe.