Aurora Acquisition Corp. Announces Closing of $220 Million Initial Public Offering
March 08 2021 - 3:11PM
Business Wire
Aurora Acquisition Corp. (Nasdaq: AURC) (the “Company”), a
special purpose acquisition company, announced today the closing of
its initial public offering (“IPO”) of 22,000,000 units at $10.00
per unit. The gross proceeds from the offering were $220 million
before deducting underwriting discounts and estimated offering
expenses. The units are listed on the Nasdaq Capital Market
(“Nasdaq”) under the ticker symbol “AURCU” beginning March 3,
2021.
Concurrently with the closing of the offering, the Company
closed two separate private placements with its sponsor, Novator
Capital Sponsor Ltd., and certain executive officers and directors
of the Company, generating $41.4 million in additional gross
proceeds, including 3,500,000 units at a price of $10.00 per unit,
for gross proceeds of $35 million and 4,266,667 private placement
warrants, each exercisable to purchase one Class A ordinary share
at $11.50 per share, subject to adjustment, at a price of $1.50 per
warrant, for gross proceeds of $6.4 million.
Barclays Capital Inc. is acting as the sole book-runner for the
offering.
A registration statement relating to the securities became
effective on March 3, 2021. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction. The offering is being made only by
means of a prospectus, which forms a part of the registration
statement. Copies of the prospectus may be obtained for free by
visiting EDGAR on the Securities and Exchange (the “SEC”) website
at www.sec.gov. Alternatively, copies may be obtained from Barclays
Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, telephone 1-888-603-5847, or by email
at barclaysprospectus@broadridge.com.
About Aurora Acquisition Corp.
Aurora Acquisition Corp. is a newly formed blank check company
incorporated for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses (the “Business
Combination”). While the Company may pursue an acquisition
opportunity in any industry, sector or geographical location, it
intends to focus on industries that complement its management
team’s background, and to capitalize on the ability of its
management team to identify targets with operations or prospects in
the Europe, Middle East and Africa Technology and Media industry,
including data analytics, enterprise software, security software,
e-commerce and online marketplaces and/or financial services
technology.
The Company is led by Thor Bj�rgólfsson as its Chairman, Arnaud
Massenet as its Chief Executive Officer, Prabhu Narasimhan as its
Chief Investment Officer and Head of Legal, and Caroline Harding as
its Chief Financial Officer and Director as well as a fully diverse
board of directors that includes Shravin Mittal, Michael Edelstein
and Sangeeta Desai.
FORWARD-LOOKING
STATEMENTS
This press release contains statements that constitute
“forward-looking statements.” Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company’s registration statement and final
prospectus for the initial public offering filed with the SEC.
Copies are available on the SEC’s website, www.sec.report. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210308005829/en/
Khurram Kayani Khurram@novatorcapital.com
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