IPO - Aurora Innovation, Inc.

Form Type: 424B5

Filing Date: 2025-02-14

Corporate Action: Ipo

Type: New

Accession Number: 000162828025005816

Filing Summary: Aurora Innovation, Inc. has filed a prospectus supplement related to the offering of up to $500 million of its Class A common stock through a Controlled Equity Offering Sales Agreement. The company plans to sell shares of its Class A common stock, with the last reported sale price prior to the filing being $9.42 per share on February 13, 2025. The sales will be made as 'at the market offerings,' meaning sales will occur through agreed terms with designated sales agents (Cantor Fitzgerald & Co., TD Securities, and Allen & Co.) using standard trading practices, with no specific guarantee of a minimum sale. The compensation for sales agents is set at a commission rate of up to 3.0% of gross proceeds. Use of proceeds from this offering is intended for working capital and other general corporate purposes, including potential investments in other businesses or technologies. The offering highlights risk factors associated with investment, including the potential for immediate dilution of share value for purchasers. Investors are cautioned to review the risk factors included in the filing and related documents prior to making investment decisions.

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