7373 |
98-1562265 | |||
(State or other jurisdiction of |
(Primary Standard Industrial |
(I.R.S. Employer | ||
incorporation or organization) |
Classification Code Number) |
Identification Number) |
Damien Weiss |
William Mouat, Esq. | |
Megan J. Baier |
General Counsel | |
Mark G.C. Bass |
Aurora Innovation, Inc. | |
Wilson Sonsini Goodrich & Rosati, P.C. |
1654 Smallman St | |
1301 Avenue of the Americas |
Pittsburgh, PA 15222 | |
New York, NY 10019 |
(888) 583-9506 | |
Telephone: (212) 999-5800 |
Large accelerated filer | ☐ | Accelerated filer | ☐ | |||
☒ | Smaller reporting company | |||||
Emerging growth company |
PRELIMINARY PROSPECTUS |
Subject to Completion |
March 11, 2022 |
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F-1 |
• | our ability to recognize anticipated benefits of the Business Combination, which may be affected by, among other things, our ability to grow and manage growth profitably following the Closing of the Business Combination; |
• | our ability to commercialize the Aurora Driver safely, quickly, and broadly on the timeline we expect; |
• | the market for autonomous vehicles and our market position; |
• | our ability to compete effectively with existing and new competitors; |
• | the ability to maintain the listing of our Class A Common Stock and warrants on Nasdaq; |
• | our ability to raise financing in the future; |
• | anticipated trends, growth rates, and challenges in our business and in the markets in which we operate; |
• | our ability to effectively manage our growth and future expenses; |
• | the sufficiency of our cash and cash equivalents to meet our operating requirements; |
• | our success in retaining or recruiting, or changes required in, our officers, key employees or directors; |
• | the impact of the regulatory environment and complexities with compliance related to such environment; |
• | our ability to successfully collaborate with business partners; |
• | our ability to obtain, maintain, protect and enforce our intellectual property; |
• | economic and industry trends or trend analysis; |
• | the impact of the COVID-19 pandemic; and |
• | other factors detailed under the section entitled “Risk Factors.” |
• | Self-driving technology is an emerging technology, and we face significant technical challenges to commercialize our technology. |
• | We are an early stage company with a history of losses, and we expect to incur significant expenses and continuing losses for the foreseeable future. |
• | Our limited operating history makes it difficult to evaluate our future prospects and the risks and challenges we may encounter. |
• | We operate in a highly competitive market and some market participants have substantially greater resources. If one or more of our competitors broadly commercialize their self-driving technology before we do, develop superior technology, or are perceived to have better technology, our business prospects and financial performance would be adversely affected. |
• | Our services and technology may not be accepted and adopted by the market at the pace we expect or at all. |
• | We may require significantly more additional capital investment to run our business than previously expected. |
• | It is possible that Aurora’s self-driving unit economics do not materialize as expected. |
• | We are highly dependent on the services of our senior management team, without which we may not be able to successfully implement our business strategy. |
• | Our future capital needs may require us to sell additional equity or debt securities that may dilute our stockholders. |
• | We may experience difficulties in managing our growth and expanding our operations. |
• | Our operating and financial results projections that were previously provided rely in large part upon assumptions and analyses developed by us. If these assumptions or analyses prove to be incorrect, our actual results of operations may be materially different from our projections and our estimates of certain financial metrics may prove inaccurate. |
• | We could fail to successfully select, execute or integrate past and future acquisitions. |
• | Interruption or failure of Amazon Web Services or other information technology and communications systems that we rely upon could materially and adversely affect our business, financial condition and results of operations. |
• | We are subject to cybersecurity risks to operational systems, security systems, infrastructure, integrated software and partners and end-customers data processed by us or third-party vendors or suppliers. |
• | Unauthorized control or manipulation of systems in autonomous vehicles may cause them to operate improperly or not at all, or compromise their safety and data security. |
• | Failures, or perceived failures, to comply with privacy, data protection, and information security requirements in the variety of jurisdictions in which we operate, or may operate, may adversely impact our business. |
• | Our future insurance coverage may not be adequate to protect us from all business risks or may be prohibitively expensive. |
• | Our warrants are accounted for as liabilities and the changes in value of our warrants could have a material effect on our financial results. |
• | If we are unable to develop and maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results in a timely manner, which may adversely affect investor confidence in us and materially and adversely affect our business and operating results. |
• | Unanticipated changes in effective tax rates, adverse outcomes resulting from examination of our income, changes in tax laws or regulations, changes in our ability to utilize our net operating loss, or other tax-related changes could materially and adversely affect our business, prospects, financial condition and results of operations. |
• | Our success is contingent on our ability to successfully maintain, manage, execute and expand on our existing partnerships and obtain new partnerships. |
• | We are dependent on our suppliers, some of which are single or limited source suppliers, and these suppliers may not produce and deliver necessary and industrialized components at prices and volumes and on terms acceptable to us. |
• | Burdensome regulations, inconsistent regulations, or a failure to receive regulatory approvals of our technology could have a material adverse effect on our business, financial condition and results of operation. |
• | We may become involved in legal and regulatory proceedings and commercial or contractual disputes. |
• | We may be subject to product liability that could result in significant direct or indirect costs. |
• | We may not be able to adequately protect or enforce our intellectual property rights, in which case our business and competitive position could be harmed. |
• | We may need to defend ourselves against intellectual property infringement claims, which may be time-consuming and could cause us to incur substantial costs. |
• | We could lose the rights to use certain intellectual property that we rely upon if the underlying license agreements are terminated or not renewed. |
• | Our software contains third-party open-source software components, and failure to comply with the terms of the underlying open-source software licenses could restrict our ability to sell our products or give rise to disclosure obligations of proprietary software. |
• | The market price of our common stock may be volatile and could decline significantly. |
• | Our dual class structure has the effect of concentrating voting power with our founders, which limits an investor’s ability to influence the outcome of important transactions, including a change in control. |
• | exemption from the requirement to have our registered independent public accounting firm attest to management’s assessment of our internal control over financial reporting; |
• | exemption from compliance with the requirement of the Public Company Accounting Oversight Board, or PCAOB, regarding the communication of critical audit matters in the auditor’s report on the financial statements; |
• | reduced disclosure about our executive compensation arrangements; and |
• | exemption from the requirement to hold non-binding advisory votes on executive compensation or golden parachute arrangements. |
Non-Affiliate Conversion Stock |
234,560,193 shares |
Former Employee Options |
425,722 shares |
Shares of our Class A Common Stock issuable upon exercise of the Public Warrants |
12,218,750 shares |
Exercise Price of the Warrants |
$11.50 per share, subject to adjustment as described herein. |
Use of Proceeds |
We will receive up to an aggregate of approximately $244.1 million from the exercise of all Warrants, assuming the exercise in full of such Warrants for cash and from the exercise of the Former Employee Options and Affiliate Options. We expect to use the net proceeds from the exercise of the Warrants and the Former Employee Options for general corporate purposes. See the section of this prospectus titled “ Use of Proceeds |
Shares of Class A Common Stock offered by the Selling Securityholders hereunder (representing the Affiliate Conversion Stock and Affiliate Equity Stock |
247,498,882 shares |
Shares of our Class A Common Stock issuable upon exercise of the Private Placement Warrants |
8,900,000 shares |
Shares of Class A Common Stock offered by the Selling Securityholders hereunder (representing the Affiliate Class A Stock, Sponsor Stock, PIPE Shares and Registration Rights Shares) |
399,468,805 shares |
Warrants Offered by the Selling Securityholders hereunder (representing the Private Placement Warrants) |
8,900,000 warrants |
Exercise Price of the Warrants |
$11.50 per share, subject to adjustment as described herein. |
Redemption |
The warrants are redeemable in certain circumstances. See the section of this prospectus titled “ Description of Capital Stock—Warrants |
Use of Proceeds |
We will not receive any proceeds from the sale of our Class A Common Stock and Warrants offered by the Selling Securityholders under this prospectus (the “Securities”). See the section of this prospectus titled “ Use of Proceeds |
Risk Factors |
See the section titled “ Risk Factors |
Nasdaq Symbol |
“AUR” for our Class A Common Stock and “AUROW” for our Warrants. |
Lock-Up Restrictions |
Of the 903,072,352 shares of Class A Common Stock that may be offered or sold by Selling Securityholders identified in this prospectus, 802,952,352 of those shares (the “Lock-Up Shares”), which include shares of Class A Common Stock issuable upon the exercise or vesting of outstanding equity awards and upon conversion of Class B Common Stock, are subject to certain lock-up restrictions, pursuant to our bylaws and/or other agreements further described in the section titled “Certain Relationships and Related Person Transactions |
• | achieving sufficiently safe self-driving system performance as determined by us, government & regulatory agencies, our partners, customers, and the general public; |
• | finalizing self-driving system design, specification, and vehicle integration; |
• | successfully completing system testing, validation, and safety approvals; |
• | obtaining additional approvals, licenses or certifications from regulatory agencies, if required, and maintaining current approvals, licenses or certifications; |
• | receiving performance by third parties that supports our R&D and commercial activities; |
• | preserving core intellectual property rights, while obtaining rights from third parties for intellectual property that may be critical to our R&D activities; and |
• | continuing to fund and maintain our current technology development activities. |
• | design, develop, test, and validate our self-driving technology for commercial applications; |
• | produce and deliver our technology at an acceptable level of safety and performance; |
• | properly price our products and services; |
• | plan for and manage capital expenditures for our current and future products; |
• | hire, integrate and retain talented people at all levels of our organization; |
• | forecast our revenue, budget for and manage our expenses; |
• | attract new partners and retain existing partners; |
• | navigate an evolving and complex regulatory environment; |
• | manage our supply chain and supplier relationships related to our current and future products; |
• | anticipate and respond to macroeconomic changes and changes in the markets in which we operate; |
• | maintain and enhance the value of our reputation and brand; |
• | effectively manage our growth and business operations, including the impacts of unforeseen market changes on our business; |
• | develop and protect intellectual property; and |
• | successfully develop new solutions, features, and applications to enhance the experience of partners and end-customers. |
• | costs of the self-driving system hardware; |
• | other fixed and variable costs associated with self-driving vehicle operation; |
• | useful life; |
• | vehicle utilization; and |
• | product pricing. |
• | assumptions around vehicle miles traveled (“VMT”); |
• | the degree of utilization achieved by our self-driving technology; |
• | the price our customers are willing to pay; |
• | the timing and breadth of our technology’s operating domain and product models; |
• | operational costs of our self-driving technology and their useful life; |
• | growth in core development and operating expenses; |
• | which elements of service are delivered by Aurora versus our partners, and associated impact on expenses and capital requirements; |
• | the extent to which our technology is successfully and efficiently operationalized by our fleet partners, and our market penetration more broadly; |
• | the timing of when our partners and end-customers adopt our technology on a commercial basis which could be delayed for regulatory, safety or reliability issues unrelated to our technology; |
• | the timing of future self-driving system hardware generations and vehicle platforms; |
• | competitive pricing pressures, including from established and future competitors; |
• | whether we can obtain sufficient capital to continue investing in core technology development and sustain and grow our business; |
• | the overall strength and stability of domestic and international markets, including, but not limited to trucking, passenger mobility, and local goods delivery; and |
• | other risk factors set forth in this prospectus. |
• | cease selling, incorporating or using products that incorporate the challenged intellectual property; |
• | pay substantial damages; |
• | obtain a license from the holder of the infringed intellectual property right, which license may not be available on reasonable terms or at all; or |
• | redesign our technology. |
• | authorizing our Board of Directors to issue preferred stock with voting or other rights or preferences that could discourage a takeover attempt or delay changes in control; |
• | certain of our shareholders, including our founders, hold sufficient voting power to control voting for election of directors and amend our Certificate of Incorporation; |
• | prohibiting cumulative voting in the election of directors; |
• | providing that vacancies on our Board of Directors may be filled only by a majority of directors then in office, even though less than a quorum; |
• | limiting the liability of, and the indemnification of, our directors and officers; |
• | prohibiting the adoption, amendment or repeal of our Bylaws or the repeal of the provisions of our Certificate of Incorporation regarding the election and removal of directors without the required approval of at least two-thirds of the shares entitled to vote at an election of directors; |
• | enabling our Board of Directors to amend the Bylaws, which may allow our Board of Directors to take additional actions to prevent an unsolicited takeover and inhibit the ability of an acquirer to amend the Bylaws to facilitate an unsolicited takeover attempt; and |
• | prohibiting stockholder action by written consent; |
• | limiting the persons who may call special meetings of stockholders; and |
• | requiring advance notification of stockholder nominations and proposals, which could preclude Stockholders from bringing matters before annual or special meetings of stockholders and delay changes in our Board of Directors and also may discourage or deter a potential acquirer from conducting a solicitation of proxies to elect its own slate of directors or otherwise attempting to obtain control of us. |
• | We will indemnify our directors and officers for serving the Company in those capacities or for serving other business enterprises at our request, to the fullest extent permitted by Delaware law. Delaware law provides that a corporation may indemnify such person if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the registrant and, with respect to any criminal proceeding, had no reasonable cause to believe such person’s conduct was unlawful; |
• | We may, in our discretion, indemnify employees and agents in those circumstances where indemnification is permitted by applicable law; |
• | We will be required to advance expenses, as incurred, to our directors and officers in connection with defending a proceeding, except that such directors or officers shall undertake to repay such advances if it is ultimately determined that such person is not entitled to indemnification; |
• | We will not be obligated pursuant to our Bylaws to indemnify a person with respect to proceedings initiated by that person against the Company or our other indemnitees, except with respect to proceedings authorized by our Board of Directors or brought to enforce a right to indemnification; |
• | the rights conferred in our Bylaws are not exclusive, and we are authorized to enter into indemnification agreements with our directors, officers, employees and agents and to obtain insurance to indemnify such persons; and |
• | We may not retroactively amend our Bylaws provisions to reduce our indemnification obligations to directors, officers, employees and agents. |
• | the realization of any of the risk factors presented in this prospectus; |
• | changes in the industries in which we and our customers operate; |
• | developments involving our competitors; |
• | changes in laws and regulations affecting its business; |
• | actual or anticipated differences in our estimates, or in the estimates of analysts, for our revenues, Adjusted EBITDA, results of operations, level of indebtedness, liquidity or financial condition; |
• | additions and departures of key personnel; |
• | failure to comply with the requirements of Nasdaq; |
• | failure to comply with the Sarbanes-Oxley Act or other laws or regulations; |
• | future issuances, sales, resales or repurchases or anticipated issuances, sales, resales or repurchases, of our securities; |
• | publication of research reports by securities analysts about us or our competitors or our industry; |
• | the public’s reaction to our press releases, its other public announcements and its filings with the SEC; |
• | actions by stockholders, including the sale by significant investors of any of their shares of our common stock; |
• | the performance and market valuations of other similar companies; |
• | commencement of, or involvement in, litigation involving us; |
• | broad disruptions in the financial markets, including sudden disruptions in the credit markets; |
• | speculation in the press or investment community; |
• | actual, potential or perceived control, accounting or reporting problems; |
• | changes in accounting principles, policies and guidelines; and |
• | other events or factors, including those resulting from infectious diseases, health epidemics and pandemics (including the ongoing COVID-19 public health emergency), natural disasters, war, acts of terrorism or responses to these events. |
• | actual or anticipated fluctuations in our quarterly financial results or the quarterly financial results of companies perceived to be similar to us; |
• | changes in the market’s expectations about our results of operations; |
• | success of competitors; |
• | our results of operations failing to meet the expectation of securities analysts or investors in a particular period; |
• | changes in financial estimates and recommendations by securities analysts concerning the Company or the self-driving technology industry in general; |
• | operating and share price performance of other companies that investors deem comparable to the Company; |
• | our ability to bring our products and technologies to market on a timely basis, or at all; |
• | changes in laws and regulations affecting our business; |
• | our ability to meet compliance requirements; |
• | commencement of, or involvement in, litigation involving the Company; |
• | changes in our capital structure, such as future issuances of securities or the incurrence of additional debt; |
• | the volume of shares of common stock available for public sale; |
• | any major change in our Board or management; |
• | sales of substantial amounts of the shares of common stock by our directors, executive officers or significant stockholders or the perception that such sales could occur; and |
• | general economic and political conditions such as recessions, interest rates, fuel prices, international currency fluctuations and acts of war or terrorism. |
Year Ended December 31, |
||||||||||||||||
2021 |
2020 |
$ Change |
% Change |
|||||||||||||
(in thousands, except for percentages) |
||||||||||||||||
Collaboration revenue |
$ | 82,538 | $ | — | $ | 82,538 | n/m | (1) | ||||||||
Operating expenses: |
||||||||||||||||
Research and development |
697,276 | 179,426 | 517,850 | 288.61 | % | |||||||||||
Selling, general, and administrative |
115,925 | 38,693 | 77,232 | 199.60 | % | |||||||||||
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|
|
|
|||||||||||
Loss from operations |
(730,663 | ) | (218,119 | ) | (512,544 | ) | 234.98 | % | ||||||||
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|
|
|
|
|
|||||||||||
Other income (expense): |
||||||||||||||||
Interest and other income |
525 | 3,717 | (3,192 | ) | (85.88 | %) | ||||||||||
Change in fair value of derivative liabilities |
(20,116 | ) | — | (20,116 | ) | n/m | (1) | |||||||||
Transaction costs |
(4,516 | ) | — | (4,516 | ) | n/m | (1) | |||||||||
Other expense |
(5,184 | ) | (45 | ) | (5,139 | ) | n/m | (1) | ||||||||
|
|
|
|
|
|
|||||||||||
Loss before income taxes |
(759,954 | ) | (214,447 | ) | (545,507 | ) | 254.38 | % | ||||||||
Income tax expense (benefit) |
(4,501 | ) | 2 | (4,503 | ) | n/m | (1) | |||||||||
|
|
|
|
|
|
|||||||||||
Net loss |
$(755,453) | $(214,449) | $(541,004) | 252.28% | ||||||||||||
|
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|
|
|
|
(1) | Not meaningful. |
Years ended December 31, |
||||||||
2021 |
2020 |
|||||||
(in thousands) |
||||||||
Net cash used in operating activities |
$ | (563,288 | ) | $ | (191,879 | ) | ||
Net cash provided by investing activities |
249,885 | 343,289 | ||||||
Net cash provided by financing activities |
1,539,822 | 1,446 | ||||||
Net increase in cash |
$ | 1,226,419 | $ | 152,856 |
• | Expected Term—we use the simplified method when calculating the expected term due to insufficient historical exercise data to develop reasonable expectations about future exercise patterns and post-vesting employment termination behavior. |
• | Expected Volatility—the volatility is based on the average historical stock volatilities of a peer group of comparable companies within the automotive and energy storage industries. |
• | Expected Dividend Yield—The dividend rate used is zero as we have never paid any cash dividends on its common stock and does not anticipate doing so in the foreseeable future. |
• | Risk-Free Interest Rate—The interest rates used are based on the implied yield available on U.S. Treasury zero-coupon issues with an equivalent remaining term equal to the expected life of the award. |
• | PACCAR & Volvo, who together represent nearly 50% of US Class 8 truck sales. |
• | Toyota, the #1 passenger vehicle manufacturer by volume globally. |
• | Uber, the largest ride hailing company globally. |
• | Improved safety. |
• | Faster, more efficient goods movement. E-commerce continues to grow share of consumer purchases, and expectations for rapid, or same-day delivery are constantly increasing. Today, truck |
drivers are limited to eleven hours per day of driving based on Hours of Service limitations. Autonomous trucks will not be subject to these limitations, and we expect our trucks will be able to move freight more than twenty hours per day, thereby moving goods faster and more efficiently. For example, this means a truckload of goods can be shipped from Los Angeles to Houston in one day, instead of two. We believe this will enable smoother and more reliable supply chains and expand markets for manufacturers and retailers. |
• | More reliable freight supply. per-mile trucking costs. We believe autonomous trucks can address the driver shortage and meaningfully reduce costs. |
• | Reduced Insurance Expenses. |
• | Enhanced Energy Efficiency. eco-driving, off-peak deployment, and capping peak speeds. |
• | We also believe self-driving technology will accelerate the transition to next-generation power trains such as battery electric and hydrogen fuel cells, as we believe geofenced operations are more conducive to deploying new infrastructure, and cost savings, enabled by lower maintenance and fuel spend, are attractive drivers of fleet adoption. |
• | Increased access to passenger mobility. |
• | Greater individual productivity. |
1. | Prioritizing our development efforts based on return on investment |
2. | Using our common platform approach to scale and drive competitive advantage |
developed as we extend into new areas. This allows us to earn a higher return on our development investment, and drive scale across use cases, which in turn increases our pace of learning and helps reduce the cost of our hardware. |
3. | Focusing on what we do best |
4. | Building on our trusted reputation |
• | Commercial e-commerce increases customer expectations for same- or next-day delivery, while service restrictions on driver operating hours create inherent limitations to optimally fast and responsive supply chains. These constraints increase the cost to transport goods and create supply chain inefficiencies. By enabling greater efficiency, autonomous trucks can have a significant positive impact. For these reasons, the US Department of Transportation has recently stated that autonomous trucking has the potential to add over $68 billion to US GDP. We believe our technology can help solve key pain points of fleet owners by providing a consistent driver supply, the ability to offer fast and efficient transport, and fuel efficiency. In turn, we believe this creates significant demand and willingness to pay for our product. Additionally, the design and road construction of highways is more standardized and defined across the United States interstate highway system than are local roads, and a very significant amount of freight volume is concentrated on major highway corridors. We believe these factors will enable rapid and broad scaling. |
• | Technical |
1. | Higher return on development investment |
2. | Economies of scale and cost reduction end-market in which we operate. |
3. | Learning and data |
4. | Reputation |
• | Careful integration of machine learning and engineering approaches throughout our perception and motion planning systems |
• | Virtual Testing Suite that allows for accelerated and efficient development |
• | Differentiated long-range, high-resolution, multi-modal sensor suite that includes FirstLight Lidar technology, which allows numerous advantages over traditional lidar, including the ability to unlock safe operation at highway speeds |
• | Scalable maps that are maximally relevant to the challenges of self-driving |
1. | Aurora Driver hardware and software to enable safe and efficient autonomous operation of the self-driving fleet; |
2. | Updates to the Aurora Driver, including map and software updates; |
3. | Access to the Aurora Cloud platform, which will interface with their systems and enable efficient dispatch, deployment, and fleet monitoring; |
4. | Teleassistance support, where trained specialists monitor Aurora Driver-powered vehicles and provide high level guidance when needed; and |
5. | Access to Aurora-certified third party services, including maintenance of the Aurora Driver, roadside assistance for the Aurora Driver, and insurance. |
1. | Proprietary lidar technology to unlock highway speeds; |
2. | Next-generation approach to Perception and Planning that leverages the distinct strengths of both machine learning and engineered approaches; |
3. | Common driver platform approach which allows our system to scale onto different vehicle types, such as cars and Class 8 trucks; |
4. | Aurora’s Virtual Testing Suite, which increases engineering velocity; and |
5. | Scalable approach to high-definition maps |
1. | Greater Range |
2. | Simultaneous Range and Velocity |
3. | Interference Immunity lidar-to-lidar |
• | Engineered systems are built by humans and tend to be simpler and more introspectable (i.e. can understand ‘why’ an action is taken). |
• | Machine-learned systems are tuned and developed by algorithms and trained on data. This can allow for greater nuance and complexity, and have the additional advantage that new data can improve overall performance. However, machine-learned systems are less introspectable than engineered systems. |
• | Efficiency on-road testing. |
• | Speed |
• | Safety on-road miles of driving needed to develop the Aurora Driver, which reduces exposure to risk associated with on-road testing. |
• | Variation |
• | Repeatability out-of-date sensor |
1. | Operate with integrity |
2. | Focus |
3. | No jerks |
4. | Be reasonable |
5. | Set outrageous goals |
6. | Win together |
• | Technology-focused companies building end-to-end |
• | Automotive players building internal self-driving development programs |
• | Technology quality, reliability, and safety |
• | Engineering capabilities |
• | Business model and go-to-market approach |
• | Commercial partnerships |
• | Cost and efficiency |
• | Patents and intellectual property portfolio |
• | Aurora has been or is to be a participant; |
• | the amount involved exceeded or exceeds $120,000; and |
• | any of our directors, executive officers, or beneficial holders of more than 5% of any class of our capital stock, or any immediate family member of, or person sharing the household with, any of these individuals or entities, had or will have a direct or indirect material interest. |
Investor |
Affiliated Director(s) or Officer(s) |
Shares of Legacy Aurora Series B Stock |
Total Purchase Price |
|||||||||
Greylock 15 Principals Limited Partnership and affiliates |
Reid Hoffman | 108,210 | $ | 9,998,928.63 | ||||||||
Sequoia Capital Global Growth Fund III—Endurance Partners, L.P. and affiliate |
Carl Eschenbach | 16,233,230 | $ | 149,999,915.17 | ||||||||
Reinvent Capital Fund LP |
Reid Hoffman | 541,100 | $ | 4,999,926.33 | ||||||||
|
|
|
|
|||||||||
Total |
16,882,540 |
$ |
164,998,770.13 |
|||||||||
|
|
|
|
Investor |
Affiliated Director(s) or Officer(s) |
Shares of Legacy Aurora Common Stock |
Shares of Legacy Aurora Series U-2 Stock |
Approx. Value of Acquired Stock |
||||||||||||
Neben Holdings, LLC, an affiliate of Uber |
Dara Khosrowshahi | 112,519,262 | 20,349,230 | $ | 2,611,764,457.42 | |||||||||||
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|
|
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Total |
112,519,262 |
20,349,230 |
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