Merger Sub merged with and into Aurora (the ?Merger?) The Sponsor and the Company?s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination. The Everything Store is the revealing, definitive biography of the company that placed one of the first and largest bets on the Internet and forever changed the way we shop and read. Shareholders needing assistance in voting can contact Morrow Sodali by calling 800-662-5200, or banks and brokers can call collect at 203-658-9400, or by emailing [emailprotected]. Transfers to/from Levels 1, 2, and 3 are recognized at the beginning of the reporting period. All activity for the period from October2, 2020 (inception) through September30, 2021 relates to the Company?s formation and the initial public offering (the ?Initial Public Offering? Improve your mastery of Fintel and investing by attending a webinar. DIF Capital Partners (DIF), a leading global independent infrastructure investment fund manager, through its fund DIF Infrastructure [] November 13, 2021 De Luca Carmela v. Italian Revenue Agency. Terms of Service apply. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC?s rules and forms. Reinvent Technology Partners Y in March was the third special purpose acquisition company from LinkedIn founder and PayPal co-founder Reid Hoffman and Zynga co-founder Mark Pincus. Reinvent Technology Partners Z agreed in March to buy online insurance platform Hippo at about a $5B valuation. As a result, diluted net income (loss) per share is the same as basic net income (loss) per share for the three and nine months ended September30, 2021. Cautionary Statement Regarding Forward Looking Statements. ), including 12,750,000 additional Units to cover over-allotments (the ?Over-Allotment Units? Technologies like AI, cloud, blockchain and the Internet of Things (IoT) will change the world. as a result of the Merger, all outstanding Aurora equity awards outstanding as of immediately prior to the effective time of the Merger converted into awards based on Aurora Innovation ClassA common stock. Redemption of warrants when the price per ClassA ordinary share equals or exceeds $10.00: if, and only if, the Reference Value equals or exceeds $. and the separate corporate existence of Merger Sub ceased, with Aurora surviving the Merger as our wholly-owned subsidiary; Prior to the consummation of the Aurora Business Combination, following the approval of our shareholders, and in accordance with the General Corporation Law of the State of Delaware, as amended (the ?DGCL? Except for the foregoing, the terms of such Working Capital Loans, if any, were not determined and no written agreements existed with respect to such loans. Derivative Warrant Liabilities 9 Months Ended Sep. Fair Value Measurements 9 Months Ended Sep. Summary of Significant Accounting Policies (Policies) 9 Months Ended Sep. Summary of Significant Accounting Policies (Tables) 9 Months Ended Sep. ClassA Ordinary Shares Subject to Possible Redemption (Tables) 9 Months Ended Sep. Fair Value Measurements (Tables) 9 Months Ended Sep. Fintel currently tracks over 9500 funds and over 63,000 securities traded worldwide. In addition, if (x)the Company issued additional ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per ordinary share (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the ?Newly Issued Price? Disfigured and cursed by a mysterious man after killing a student in a duel, Egert, an egotistical member of an elite guard, embarks on an odyssey to undo the damage he has caused and seeks forgiveness from the student's grief-stricken Bob Buford's bestseller shows you how. What do you want to do with the rest of your life? In Halftime, Buford provides the encouragement and insight to propel your life on a new course to true significance--and the best years of your life. Trading securities and investments in money market funds are presented on the condensed consolidated balance sheets at fair value at the end of each reporting period. The underwriters fully exercised their over-allotment option on March16, 2021; thus, those Founder Shares were no longer subject to forfeiture. In a moment when people are hungry for meaningful ways to respond to the ascent of nationalism, polarization and hate in the U.S. and around the globe, Kaur answers the central question of our time: How do we love in a time of anger? In the event that a Business Combination did not close, the Company may have used a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. under Section18(b)(1) of the Securities Act, the Company may, at its option, requires holders of Public Warrants who exercise their warrants to do so on a ?cashless basis? In accordance with the Securities and Exchange Commission (the ?SEC?) The fair value of Public Warrants have subsequently been measured based on the listed market price of such warrants. ?our,? ), which is described below, and, subsequent to the Initial Public Offering, the search for a target company for a Business Combination. 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 For the nine months ended September30, 2021, we had a net loss of approximately $6.2million, which consisted of approximately $8.2million in general and administrative costs and $1.1million in financing costs partially offset by approximately $3.0million change in the fair value of derivative warrant liabilities and approximately $56,000 gain on the investments held in the Trust Account. Gear advertisements and other marketing efforts towards your interests. The cookies is used to store the user consent for the cookies in the category "Necessary". To receive more information regarding the investigation of Reinvent Technology Partners Y please fill We have based these forward-looking statements on our current expectations and projections about future events. Aurora Press Kit. We used substantially all of the funds held in the Trust Account to complete the Aurora Business Combination. Our Sponsor agreed to forfeit up to an aggregate of 3,187,500 Founder Shares to the extent that the option to purchase Over-Allotment Units was not exercised in full by the underwriters, so that the Founder Shares would represent 20% of our issued and outstanding shares after the Initial Public Offering. Self-driving startup company Aurora Innovation began public trading on a down note Thursday after shareholders in special purpose acquisition company Reinvent Technology Partners Y approved a business combination earlier in the week. About Reinvent Technology Partners Y. Reinvent Technology Partners Y is a special purpose acquisition company founded by Mark Pincus, Michael Thompson, and Reid Hoffman. The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. The estimated fair value of the Public Warrants transferred from a Level3 measurement to a Level1 fair value measurement in May 2021, when the Public Warrants were separately listed and traded. As of September30, 2021, the Company had no borrowings under the Working Capital Loans. In no event will the Company be required to net cash settle any warrant. Reinvent Technology Partners Y is a special purpose acquisition company (SPAC) led by LinkedIn co-founder Reid Found inside Page 5New display - ad technology and advanced search engines . AccuWeather Inc , State College ClassiFacts , Aurora , Colo . Partners with HewlettPackard Co. to build and market content databases with GMTI software and HP hardware . (the ?Support Services Agreement?) Consequently, we designed and implemented remediation measures to address the material weakness previously identified in the 2nd quarter of 2021 and enhance our internal control over financial reporting. Management continues to evaluate the impact of the, Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $, The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. ?estimate,? and ?Redemption of warrants when the price per ClassA ordinary share equals or exceeds $10.00? RTPY also will file other documents regarding the proposed transaction with the SEC. The warrants would have been identical to the Private Placement Warrants. The Company?s ClassA ordinary shares feature certain redemption rights that were considered to be outside of the Company?s control and subject to the occurrence of uncertain future events. The SPAC said the exact value of Aurora shares will not These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. 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. ), the effectiveness of our disclosure controls and procedures as of September 30, 2021, pursuant to Rule 13a-15(b) under the Exchange Act. Aurora Press Kit. The documents filed by RTPY with the SEC also may be obtained free of charge at RTPYs website at https://y.reinventtechnologypartners.com or upon written request to c/o Reinvent Capital, 215 Park Avenue, Floor 11 New York, NY. 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). Pursuant to Rule 425 under the Securities Act of 1933 . This issuance was made pursuant to the exemption from registration contained in Section4(a)(2) of the Securities Act. Our filings with the SEC can be accessed on the EDGAR section of the SEC?s website at www.sec.gov. The documents filed by RTPY with the SEC may also be obtained free of charge at RTPYs website at https://y.reinventtechnologypartners.com/investor-relations or by written request to: Reinvent Technology Partners Y, 215 Park Avenue, Floor 11, New York, NY 10003. on March18, 2021 and completed a Business Combination on November3, 2021 as described below. As of September30, 2021, we did not have any, The Jumpstart Our Business Startups Act of 2012 (the ?JOBS Act?) The SPAC craze continues. Aurora Investment Summary. ), pursuant to an Agreement and Plan of Merger dated July14, 2021 (the ?Merger Agreement? Reinvent Technology Partners Y Announces Extraordinary General Meeting to Approve Business Combination with Aurora Morningstar%2c Inc. 10/12/2021 Aurora, also known as Aurora Innovation, Inc., is an American self-driving vehicle technology company based in Pittsburgh, Pennsylvania and in Mountain View, California. Today, Aurora and Reinvent Technology Partners Y announced their agreement to merge. Extraordinary General Meeting of Shareholders to be Held on November 2, 2021 ET. Need help or want to help improve Fintel? CNBC The initial fair value of the Public Warrants issued in connection with the Public Offering and the fair value of the Private Placement Warrants have been estimated using a Monte Carlo simulation model and subsequently, the fair value of the Private Placement Warrants have been estimated using a Monte Carlo simulation model at each measurement date. On an ongoing basis, we evaluate our estimates and judgments, including those related to fair value of financial instruments and accrued expenses. *, EX-31.2 - Certification of Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. There was no change in our internal control over financial reporting that occurred during the fiscal quarter ended September 30, 2021 covered by this Quarterly Report on Form 10-Q that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. Aurora Press Kit. The Private Placement Warrants will be. Changes in internal control over financial reporting. Actual results may differ from these estimates under different assumptions or conditions. The change in the carrying value of redeemable shares of ClassA ordinary shares resulted in charges against additional. "This set of books represents a detailed compendium of authoritative, research-based entries that define the contemporary state of knowledge on technology"--Provided by publisher. This book demonstrates three essential components of deploying modern cloud native architectures: organizational transformation, deployment modernization, and cloud native architecture patterns. Forward-looking statements speak only as of the date they are made. is investigating Reinvent Technology Partners Y (RTPY) regarding possible breaches of fiduciary duties and other violations of law related to RTPYs agreement to merge with Aurora Innovation, Inc. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. Prior to the consummation of the Aurora Business Combination, following the approval of RTPY?s shareholders, and in accordance with the General Corporation Law of the State of Delaware, as amended (the ?DGCL? Together with our clients, IBM is Reinvent Technology Partners Y Announces Shareholder Approval of Proposed Business Combination with Aurora. The estimated fair values of investments held in the Trust Account were determined using available market information. In no event will the warrants be exercisable in connection with this redemption feature for more than 0.361 ClassA ordinary shares per warrant (subject to adjustment). References to ?RTPY? The underwriters were entitled to an underwriting discount of $0.20 per unit, or approximately $19.6 million in the aggregate, paid upon the closing of the Initial Public Offering. There, Immediately upon the closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount. will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price. As previously announced, on July14, 2021, concurrently with the execution of the Merger Agreement, the Company entered into the Sponsor Agreement with its sponsor, Reinvent Sponsor Y LLC, a Cayman Islands limited liability company (the ?Sponsor? This presentation (this Presentation) was prepared by Reinvent Technology Partners Y (RTPY) and Aurora Innovation, Inc. (Aurora) in connection with their proposed business combination. Shareholders needing assistance in voting can contact Morrow Sodali by calling 800-662-5200, or banks and brokers can call collect at 203-658-9400, or by emailing RTPY.info@investor.morrowsodali.com. To invest in Aurora, individuals can buy public shares of RTPY and hold them through the closing of the business combination, at which time their RTPY shares will automatically convert to common stock of the publicly listed Aurora on a 1:1 basis. Self-driving technology company Aurora today announced it has completed its business combination with Reinvent Technology Partners Y, a special purpose acquisition company. Aurora Business Combination. 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 317 On November3, 2021, subsequent to the fiscal quarter ended September30, 2021, the fiscal quarter to which this Quarterly Report relates, we consummated the previously announced business combination (the ?Aurora Business Combination?) Reinvent Technology Partners Y was formed to support a technology business to innovate and achieve entrepreneurship at scale by leveraging its teams operating experience as founders of iconic technology companies, their experience building companies as advisors and board members, and the capital raised in its initial public offering. As previously announced, on July14, 2021, concurrently with the execution of the Merger Agreement, we entered into subscription agreements with certain investors (collectively, the ?PIPE Investors? View source version on businesswire.com: https://www.businesswire.com/news/home/20211012005616/en/, Khobi Brooklyn[emailprotected] (415) 699-3657, Ed Trissel / Scott BisangJoele Frank, Wilkinson Brimmer Katcher212-355-4449, https://finance.yahoo.com/news/reinvent-technology-partners-y-announces-120000343.html. Develop and improve features of our offerings. (NASDAQ GS: RTPY) Rigrodsky Law, P.A. When the Company?s investments held in the Trust Account are comprised of money market funds, the investments are recognized at fair value. ClassA ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. 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. These cookies ensure basic functionalities and security features of the website, anonymously. This cookie is set by GDPR Cookie Consent plugin. A final proxy statement/prospectus will be sent to all RTPY shareholders. ?anticipate,? We fully repaid the Note in March 2021. ?would,? ?us? Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in company reports filed or submitted under the Exchange Act is accumulated and communicated to management, including our chief executive officer and chief financial officer, to allow timely decisions regarding required disclosure. Liabilities and Shareholders? Reinvent Technology Partners Y. Remediation of a Material Weakness in Internal Control over Financial Reporting. At September30, 2021, 24,437,500 ClassB ordinary shares were issued and outstanding. NEW YORK, November 02, 2021--Reinvent Technology Partners Y ("RTPY") (NASDAQ: RTPY), a special purpose acquisition company that takes a "venture capital at scale" approach to investing, announced that at its Extraordinary General Meeting of Shareholders held today, RTPY shareholders voted to approve and adopt the previously announced business combination agreement with self-driving company Aurora. Highlighted by two hundred full-color photographs, a celebration of American crafts and decorative arts and the artists who create them showcases masterpieces of furniture, wood, ceramics, glass, fiber, jewelry, metal, and basketry from the 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. In July 2021, RTPY announced a plan to merge with Pittsburgh-based Aurora Innovation, which is developing Level 4 self-driving technology for trucks and passenger vehicles. 2015-2021 Fintel Ventures LLC. In another highly-anticipated IPO, self-driving technology company Aurora Innovation made its Nasdaq debut today. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in the Risk Factors section of our final prospectus for the Initial Public Offering filed with the SEC on March17, 2021 (the ?IPO Prospectus? This book contains practical steps business users can take to implement data management in a number of ways, including data governance, data architecture, master data management, business intelligence, and others. Aurora Innovation, Inc., formerly Reinvent Technology Partners Y, is a self-driving vehicle technology company. In this book, the Institute of Medicine makes recommendations for an action-oriented blueprint for the future of nursing. Filed by Reinvent Technology Partners Y . 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. The fair value of Warrants issued in connection with the Initial Public Offering have subsequently been measured based on the listed market price of such warrants. This site is protected by reCAPTCHA and the Google 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. The company has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Wixom, MI. Search Menu. The change in the carrying value of ClassA ordinary shares subject to possible redemption resulted in charges against additional, The Company complies with the accounting and reporting requirements of FASB ASC Topic 740, ?Income Taxes,? Reinvent Technology Partners Y (RTPY) expects to close its combination with Aurora Innovation on 11/3 with ~$1.8B cash on its balance sheet. Summary of Significant Accounting Policies - Schedule of Basic and Diluted Net Income (loss) Per Common Share (Detail) - USD ($) 3 Months Ended 9 Months Ended Sep. We will not generate any operating revenues until after completion of our initial Business Combination, at the earliest. Weitere Nachrichten auf Englisch: Analystenempfehlungen zu AURORA INNOVATION, INC. 21.10. The risk-free interest rate is based on the U.S. Treasury. July 15 (Reuters) - Aurora: * AURORA TO BECOME A PUBLIC COMPANY BY MERGING WITH REINVENT TECHNOLOGY PARTNERS Y. Their third SPAC the one now merging with Aurora is called Reinvent Technology Partners Y, and priced its initial public offering of 85 million units at $10 per unit to raise $850 million. The stock is currently flat year-to-date, down 1.5% over the past 12 months, and down 1.5% over the past five years. The foregoing list of factors is not exhaustive. 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. ), pursuant to, and on the terms and subject to the conditions of which, the PIPE Investors collectively subscribed for 100million shares of Aurora Innovation ClassA common stock for an aggregate purchase price equal to $1billion (the ?PIPE Investment?). The following table presents information about the Company?s assets and liabilities that are measured at fair value on a recurring basis as of September30, 2021 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. Through an informative approach, the essays form a transversal view of today's thinking. This is the tenth title of the Open Mind essay collection published by BBVA. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Aurora is backed by Sequoia Capital, Baillie Gifford, funds and accounts advised by T. Rowe Price Associates, among others, and is partnered with industry leaders including Toyota, Uber, Volvo, and PACCAR. equity. The following discussion and analysis of the Company?s financial condition and results of operations should be read in conjunction with the unaudited condensed consolidated financial statements and the notes thereto contained elsewhere in this report. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Warrant Agreement, dated March15, 2021, between the Company and Continental Stock Transfer& Trust Company, as warrant agent (incorporated by reference to Exhibit 4.1 to the Company?s Current Report on Form, Certification of Principal Executive Officer Pursuant to Securities Exchange Act Rules13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. Early next month, Aurora also plans to merge with Reinvent Technology Partners Y (NASDAQ: RTPY), a special purpose acquisition company (SPAC), and expects to be listed on Nasdaq with the ticker symbol AUR on November 4. that provided that, commencing on the date that the Company?s securities were first listed on Nasdaq through the earlier of consummation of the initial Business Combination and the liquidation, the Company would pay $1,875,000 Support Services Fees to Reinvent Capital LLC (?Reinvent Capital?) Accordingly, the Company recognizes the warrant instruments as liabilities at fair value and adjusts the carrying value of the instruments to fair value at each reporting period for so long as they are outstanding. At all other times, ClassA ordinary shares are classified as shareholders? Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. The company hit the market after a SPAC deal with Reinvent Technology Partners Y. Aurora SPAC IPO: About the Autonomous Driving Company. ClassA ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Aurora: Khobi Brooklyn press@aurora.tech (415) 699-3657 Reinvent Technology Partners Y: Ed Trissel / Scott Bisang Joele Frank, Wilkinson Brimmer Katcher 212-355-4449 Redemption of warrants when the price per ClassA ordinary share equals or exceeds $18.00: Once the warrants become exercisable, the Company may redeem the outstanding warrants (except as described herein with respect to the Private Placement Warrants): if, and only if, the last reported sale price of ClassA ordinary shares for any, The Company will not redeem the warrants as described above unless a registration statement under the Securities Act covering the issuance of the ClassA ordinary shares issuable upon exercise of the warrants is then effective and a current prospectus relating to those ClassA ordinary shares is available throughout the. The Company will generate. Private Placement - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions Mar.

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