secwatch.observer — SEC 8-K summary
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Issuer:     Aurora Innovation, Inc. (AUR)
CIK:        0001828108
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001628280-23-025067
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aurora Innovation launches $200M public offering and $600M private placement; provides cash runway
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- Announces $200M underwritten public offering of Class A common stock; 30-day underwriter option for 15% additional shares.
- Concurrent private placement of $600M at the lesser of $2.70 or a 10% discount to the public offering price.
- Reports $785M cash as of June 30, 2023; average quarterly cash burn estimated at $175M-$185M through commercial launch.
- Needs $1.6-$1.7B incremental capital to reach free cash flow breakeven on a run-rate basis by end of 2027.
- Private placement includes existing institutional investors, directors' affiliates, and new investors; expected close July 21, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828108/000162828023025067/0001628280-23-025067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828108/000162828023025067/aur-20230718.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025067

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