Reinvent Technology Partners Y Under the terms of the agreement, RTPY will acquire Aurora through a reverse merger, with Aurora emerging as a publicly traded company. In connection with the Domestication, (i) each of the then issued and outstanding Class A ordinary shares of RTPY converted automatically, on a. Reinvent Technology Partners Y, Aurora Business Combination May Close Wednesday; to Rec.. MT. This cookie is set by GDPR Cookie Consent plugin. Shares closed down 14.67% at $9.60 on Thursday, below the SPAC price of $10 per share. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. in this Quarterly Report refer to RTPY before the consummation of the Aurora Business Combination and to Aurora Innovation, Inc. after the Aurora Business Combination, unless stated otherwise or the context otherwise requires. Aurora, the self-driving technology company, has entered into a definitive business combination agreement with Reinvent Technology Partners Y (“Reinvent”) (NASDAQ: RTPY), a special purpose acquisition company with the sponsor team that takes a “venture capital at scale” approach to investing. RTPY also will file other documents regarding the proposed transaction with the SEC. and deemed filed pursuant to Rule 14a-12. RTPY shareholders of record as of the close of business on September 30, 2021 are entitled to vote at the Extraordinary Meeting. Reinvent Technology Partners Y (RTPY) expects to close its combination with Aurora Innovation on 11/3 with ~$1.8B cash on its balance sheet. At all other times, Class A ordinary shares are classified as shareholders? Its product, the Aurora Driver, is a platform that brings together software, hardware, and data services, to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. ), pursuant to, and on the terms and subject to the conditions of which, the PIPE Investors collectively subscribed for 100 million shares of Aurora Innovation Class A common stock for an aggregate purchase price equal to $1 billion (the ?PIPE Investment?). Morgan Stanley acted as the book-running manager for the Initial Public Offering. This week, the Dow Jones Industrial Average rose 0.2%, and the S&P 500 rose 0.4%. The SPAC in a subsequent 8-K filing said 75,458,911 shares were redeemed, a surprising development as shares hovered consistently … This press release is not a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This cookie is set by GDPR Cookie Consent plugin. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**, Certification of Principal Financial Officer Pursuant to 18 U.S.C. GAAP?) On February 10, 2021, we effected a share capitalization resulting in an aggregate of 24,437,500 Class B ordinary shares issued and outstanding. 001-40216. 333-253075), its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021 and June 30, 2021, respectively, the registration statement on Form S-4 discussed below and other documents filed by RTPY from time to time with the SEC. RTPY and Aurora and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from RTPY’s shareholders in connection with the proposed transaction. Aurora – which announced earlier this summer its plans to merge with the special purpose acquisition company (SPAC) Reinvent Technology Partners Y (NASDAQ: RTPY) – expects to be listed on Nasdaq with the ticker symbol AUR on November 4, 2021. The transaction generated approximately $1.8 … Pursuant to Rule 425 under the Securities Act of 1933 . Self-driving technology startup Aurora is going public through a SPAC merger with Reinvent Technology Partners Y (RTPY). Changes in operating assets and liabilities: Repayment of note payable to related party, Proceeds received from initial public offering, gross, Net cash provided by financing activities. Aurora tests its vehicles in the Bay Area, Pittsburgh, and Dallas. Shareholders can also obtain free copies of the proxy statement and all relevant documents filed or that will be filed with the U.S Securities and Exchange Commission (“SEC”) by RTPY (when available) through the website maintained by the SEC at http://www.sec.gov. Income and losses are shared pro rata between the two classes of shares. This collection brings together leading scholars and practitioners working on these issues from diverse jurisdictions. SPAC Reinvent Technology Partners Y (NASDAQ: RTPYU) rose 2.7% in after hours trading on a report that the company is in talks to take self driving startup Aurora Innovation public. Aurora may be valued at about $12B in a deal and a transaction could be announced as soon as next week, according to TechCrunch. These products and services are usually sold through license agreements or subscriptions. This paperback edition of Mike Davis's investigation into the Latinization of America incorporates the extraordinary findings of the 2000 Census as well as new chapters on the militarization of the Border and violence against immigrants. This document contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Reinvent Technology Partners Y … The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is, The warrants issued in the Initial Public Offering and the Private Placement Warrants are recognized as derivative liabilities in accordance with ASC 815. Aurora Expected to Close Business Combination with Reinvent Technology Partners Y with Over $1.8 Billion in Proceeds and Cash On Hand Posted on 11/01/2021 314 This e-book offers an insightful look into the way today's students think about and use technology in their academic and social lives. It will help institutional leaders help their students to become more successful and satisfied. Provide specific products and services to you, such as portfolio management or data aggregation. For more information regarding the Aurora Business Combination, see the Company?s Current Report on Form. Find out which insiders consistently beat the market. ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the quarterly period ended September 30, 2021, TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the transition period from                 to, (Exact name of registrant as specified in its charter), (Registrant?s telephone number, including area code), (Former name or former address, if changed since last report), Securities registered pursuant to Section. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**, EX-32.2 - Certification of Principal Financial Officer Pursuant to 18 U.S.C. FEATURES API & Developer Hub; Short Interest Data Additionally, the Private Placement Warrants will be. Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. © Copyright 2021 Morningstar, Inc. All rights reserved. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the price of RTPY’s securities, (ii) the risk that the proposed transaction may not be completed by RTPY’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by RTPY, (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the Agreement and Plan of Merger, dated as of July 14, 2021 (the “Merger Agreement”), by and among RTPY, Aurora and RTPY Merger Sub Inc., a Delaware corporation and a direct wholly owned subsidiary of RTPY, by the shareholders of RTPY, the satisfaction of the minimum cash condition following redemptions by RTPY’s public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the inability to complete the PIPE investment in connection with the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vi) the effect of the announcement or pendency of the proposed transaction on Aurora’s business relationships, operating results and business generally, (vii) risks that the proposed transaction disrupts current plans and operations of Aurora and potential difficulties in Aurora employee retention as a result of the proposed transaction, (viii) the outcome of any legal proceedings or other disputes that may be instituted against Aurora or against RTPY related to the Merger Agreement or the proposed transaction or otherwise, (ix) the ability to maintain the listing of RTPY’s securities on a national securities exchange, (x) the price of RTPY’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which RTPY plans to operate or Aurora operates, variations in operating performance across competitors, changes in laws and regulations affecting RTPY’s or Aurora’s business and changes in the combined capital structure, (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xii) the risk of downturns and a changing regulatory landscape in the highly competitive self-driving industry. Joele Frank, Wilkinson Brimmer Katcher This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Reinvent Technology Partners Y (“RTPY”) and Aurora Innovation, Inc. (“Aurora”). The Company?s management does not believe that any other recently issued, but not yet effective, accounting pronouncement if currently adopted would have a material effect on the Company?s unaudited condensed consolidated financial statements. References to ?RTPY? The PIPE Investment was consummated substantially concurrently with the consummation of the Aurora Business Combination. ?us? In some cases, you can identify forward-looking statements by terminology such as ?may,? When the Company?s investments held in the Trust Account are comprised of money market funds, the investments are recognized at fair value. It does not store any personal data. Reinvent Technology Partners Y Announces Shareholder Approval of Proposed Business Combination with Aurora Article Stock Quotes (1) FREE Breaking News Alerts from StreetInsider.com! These cookies will be stored in your browser only with your consent. Aurora Innovation, Inc., formerly Reinvent Technology Partners Y, is a self-driving vehicle technology company. Certificate of Incorporation of Aurora Innovation, Inc. (incorporated by reference to Exhibit 3.1 to the Company?s Current Report on Form 8-K filed with the SEC on November 4, 2021). About Reinvent Technology Partners Y. Reinvent Technology Partners Y is a special purpose acquisition company founded by Mark Pincus, Michael Thompson (News - Alert), and Reid Hoffman.Reinvent Technology Partners Y was formed to support a technology business to innovate and achieve entrepreneurship at scale by … The deal with Reinvent Technology Partners, a special purpose acquisition company, is expected to close this year, setting up the merged company with $2.5 billion in cash. However, we do not consider any such claims, lawsuits or proceedings that are currently pending, individually or in the aggregate, to be material to our business or likely or result in a material adverse effect on our future operating results, financial condition or cash flows. On November 3, 2021, subsequent to the fiscal quarter ended September 30, 2021, the fiscal quarter to which this Quarterly Report relates, we consummated the previously announced business combination (the ?Aurora Business Combination?) News. On July 15, 2021, Aurora, the self-driving technology company, has entered into a definitive business combination agreement with Reinvent Technology Partners Y (Reinvent), a special purpose acquisition company (SPAC). We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. and its staff?s guidance on redeemable equity instruments, ASC, The impact of the revision to the audited balance sheet as of March 18, 2021 (included as an exhibit to the Company?s Form. The Company will generate. Skadden is representing Reinvent Technology Partners Y in its $11 billion merger with Aurora Innovation, Inc. As a result of the merger, Aurora will become a publicly traded company. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. No  ? ?believe,? Item 1. Upon the closing of the business combination, RTPY will change its name to Aurora Innovation, Inc., and common stock and warrants of the combined company are expected to begin trading on November 4, 2021 on Nasdaq under the ticker symbols “AUR” and “AUROW,” respectively. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the price of RTPY’s securities, (ii) the risk that the proposed transaction may not be completed by RTPY’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by RTPY, (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the Agreement and Plan of Merger, dated as of July 14, 2021 (the “Merger Agreement”), by and among RTPY, Aurora and RTPY Merger Sub Inc., a Delaware corporation and a direct wholly owned subsidiary of RTPY, by the shareholders of RTPY, the satisfaction of the minimum cash condition following redemptions by RTPY’s public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the inability to complete the PIPE investment in connection with the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vi) the effect of the announcement or pendency of the proposed transaction on Aurora’s business relationships, operating results and business generally, (vii) risks that the proposed transaction disrupts current plans and operations of Aurora and potential difficulties in Aurora employee retention as a result of the proposed transaction, (viii) the outcome of any legal proceedings or other disputes that may be instituted against Aurora or against RTPY related to the Merger Agreement or the proposed transaction or otherwise, (ix) the ability to maintain the listing of RTPY’s securities on a national securities exchange, (x) the price of RTPY’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which RTPY plans to operate or Aurora operates, variations in operating performance across competitors, changes in laws and regulations affecting RTPY’s or Aurora’s business and changes in the combined capital structure, (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xii) the risk of downturns and a changing regulatory landscape in the highly competitive self-driving industry.
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