Aurora Innovation (AUR) has provided an update.
Aurora Innovation, Inc. has initiated an underwritten public offering of 116,666,667 shares of its Class A common stock, facilitated by leading financial institutions such as Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC. Priced at $3.60 per share, the company aims to raise approximately $420 million, with the potential to offer an additional 17,500,000 shares through an underwriters’ option. This strategic move, set to close on August 2, 2024, is designed to bolster Aurora’s financial position but comes with customary risks as outlined in their SEC filings.
See more data about AUR stock on TipRanks’ Stock Analysis page.
