About Reinvent Technology Partners Y. Reinvent Technology Partners Y is a special purpose acquisition company founded by Mark Pincus, Michael Thompson (News - Alert), and Reid Hoffman.Reinvent Technology Partners Y was formed to support a technology business to innovate and achieve entrepreneurship at scale by Shareholders can also obtain free copies of the proxy statement and all relevant documents filed or that will be filed with the U.S Securities and Exchange Commission (SEC) by RTPY (when available) through the website maintained by the SEC at http://www.sec.gov. However, you may visit "Cookie Settings" to provide a controlled consent. 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This book provides an 'off' switch, helping readers apply an automatic mental filter to the incoming cacophony, to filter out only what they can use for smarter money moves. " The book leads the reader through: the present scientific challenges to be addressed with seafloor observatories the technical solutions for their architecture an excursus on worldwide ongoing projects and programmes some relevant The accompanying unaudited condensed consolidated financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (?U.S. This website uses cookies to improve your experience while you navigate through the website. Following the consummation of the Initial Public Offering, the net proceeds of the Initial Public Offering, including amounts in the Trust Account, have been invested in United States government treasury bills with a maturity of 185 days or less or in money market funds investing solely in U.S. Treasuries and meeting certain conditions under Rule, Evaluation of Disclosure Controls and Procedures. Making estimates requires management to exercise significant judgment. Together with our clients, IBM is Shares closed down 14.67% at $9.60 on Thursday, below the SPAC price of $10 per share. The company merged in with Reinvent Technology Partners Y (RTPY), a special purpose acquisition company (SPAC) led by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus.. 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. Accordingly, the actual results could differ significantly from those estimates. Before making any voting or investment decision, investors and security holders of RTPY are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction because they will contain important information about the proposed transaction. The company has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Wixom, MI. 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. On Freedom is an invigorating, essential book for challenging times. Aurora Press Kit. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.**. SPAC Reinvent Technology Partners Y (NASDAQ:RTPYU) rose 2.7% in after hours trading on a report that the company is in talks to take self driving startup Aurora Innovation public. 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. The transaction generated approximately $1.8 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. Revision to Previously Reported Financial Statements, In preparation of the Company?s unaudited condensed consolidated financial statements as of and for the quarterly period ended September30, 2021, the Company concluded it should revise its financial statements to classify all ClassA ordinary shares subject to possible redemption in temporary equity. Readers are cautioned not to put undue reliance on forward-looking statements, and RTPY and Aurora assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. RTPY also will file other documents regarding the proposed transaction with the SEC. equity section of our balance sheet. 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. NEW YORK, October 12, 2021(BUSINESS WIRE)Reinvent Technology Partners Y (RTPY) (NASDAQ: RTPY), a special purpose acquisition company that takes a venture capital at scale approach to investing, announced that the Extraordinary General Meeting of Shareholders (Extraordinary Meeting) to vote on the approval of RTPYs business combination with self-driving company Aurora will be held on November 2, 2021 at 12:00 p.m. In no event will the Company be required to net cash settle any warrant. The Public Warrants will become exercisable 30 days after the completion of a Business Combination, provided that the Company has an effective registration statement under the Securities Act covering the issuance of the ClassA ordinary shares issuable upon exercise of the warrants and a current prospectus relating to them is available and such shares are registered, qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of the holder (or the Company permits holders to exercise their warrants on a cashless basis under the circumstances specified in the warrant agreement governing the Warrants (the ?Warrant Agreement?)). Fintel currently tracks over 9500 funds and over 63,000 securities traded worldwide. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We account for our ClassA ordinary shares subject to possible redemption in accordance with the guidance in ASC 480. Reinvent Technology Partners Y (RTPY) shareholders approved the business combination with self-driving company Aurora. 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. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Khobi Brooklyn 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]. No fractional Public Warrants will be issued upon separation of the Units and only whole Public Warrants will trade. per year for support and administrative services, as well as reimburse Reinvent Capital for any, In addition, the Sponsor, officers and directors, or any of their respective affiliates were reimbursed for any. Conditionally redeemable ClassA ordinary shares (including ClassA ordinary shares that features redemption rights that were either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company?s control) are classified as temporary equity. If the Company completed a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. The warrants have an exercise price of $11.50 per share, subject to adjustments, and will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation. Our management evaluated, with the participation of our current chief executive officer and chief financial officer (our ?Certifying Officers? Offering costs associated with derivative warrant liabilities were expensed as incurred and presented as, ClassA Ordinary Shares Subject to Possible Redemption, The Company accounts for its ClassA ordinary shares subject to possible redemption in accordance with ASC 480. This book celebrates Michael Stonebraker's accomplishments that led to his 2014 ACM A.M. Turing Award "for fundamental contributions to the concepts and practices underlying modern database systems. In its analysis of the archaeologies and histories of the northern fringe of Europe, this book provides a focus on animisticshamanistic cosmologies and the associated humanenvironment relations from the Neolithic to modern times. 3:31 PM. How we use your information depends on the product and service that you use and your relationship with us. 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? ), and Aurora, pursuant to which the parties thereto agreed, among other things, that in the event that more than 22.5% of the outstanding ClassA ordinary shares are redeemed, and the Sponsor, any affiliate of the Sponsor or any other person arranged by the Sponsor has not provided backstop or alternative financing to replace such redemptions above the 22.5% threshold, the Sponsor will forfeit a number of ClassB ordinary shares then owned by the Sponsor immediately before the Domestication, with such number of forfeited ClassB ordinary shares calculated on a sliding scale tied to the unreplaced redemptions. Today, Aurora and Reinvent Technology Partners Y announced their agreement to merge. ?us? The ClassB ordinary shares were automatically converted into ClassA ord, As of September30, 2021 and December31, 2020, the Company had. Reinvent Technology Partners Y Under the terms of the agreement, RTPY will acquire Aurora through a reverse merger, with Aurora emerging as a publicly traded company. GAAP?) Reinvent Technology Partners Y (RTPY) expects to close its combination with Aurora Innovation on 11/3 with ~$1.8B cash on its balance sheet. Verify your identity, personalize the content you receive, or create and administer your account. Condensed Consolidated Financial Statements, Condensed Consolidated Balance Sheets as of September30, 2021 (Unaudited) and December31, 2020, Unaudited Condensed Consolidated Statements of Operations for The Three and Nine months ended September30, 2021, Unaudited Condensed Consolidated Statements of Changes in Shareholders? In 2021 alone, the company In Major Step Toward Commercializing Self-Driving Technology, Aurora to Become a Public Company by Merging with Reinvent Technology Partners Y Aurora expected to have $2.5 billion in cash at closing, raising nearly $2 billion from the transaction including a committed PIPE of $1 billion at a pre-transaction equity value of $11 billion we choose to rely on such exemptions we may not be required to, among other things, (i)provide an auditor?s attestation report on our system of internal controls over financial reporting pursuant to Section404, (ii) provide all of the compensation disclosure that may be required of, Item3. Industry-leading partnerships and pilots, and cutting-edge products define path to market. The Company uses inputs such as actual trade data, benchmark yields and quoted market prices from dealers or brokers. Reinvent Technology Partners Y is a special purpose acquisition company founded by Mark Pincus, Michael Thompson, and Reid Hoffman. 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? An insider's history of the online social network traces the collaborations and conflicts among its founders, the personalities that shaped its development, and the ways in which the site has become an integral part of contemporary culture. As of September30, 2021, the Company?s portfolio of investments was comprised of U.S. government securities, within the meaning set forth in Section2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities and generally have a readily determinable fair value, or a combination thereof. Released November 2, 2021 They take intelligent risks. They make uncertainty and volatility work to their advantage. These are the very same skills professionals need to get ahead today. This book isnt about cover letters or resumes. Examines whether Catholicism should be adapted to suit an individual country's culture and analyzes the structure of the Catholic Church. ?should,? In February 2021, Pincus and Reinvent partners announced its third SPAC, Reinvent Technology Partners Y, raising $977.5 million in its IPO. Reinvent Technology Partners Y (RTPY) (NASDAQ: RTPY), a special purpose acquisition company that takes a venture capital at scale approach to investing, announced that the Extraordinary General Meeting of Shareholders (Extraordinary Meeting) to vote on the approval of RTPYs business combination with self-driving company Aurora will be held on November 2, 2021 at 12:00 p.m. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. 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. Krupp, longtime president of the Environmental Defense Fund, and Horn present a stirring and hopeful call to arms as they feature the bold innovators and investors who are reinventing energy and the ways we use it. As of September30, 2021, the Company had no borrowings under the Working Capital Loans. Pursuant to Rule 425 under the Securities Act of 1933 . To learn more, visit www.aurora.tech. Offering costs were allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. Neither RTPY nor Aurora gives any assurance that either RTPY or Aurora or the combined company will achieve its expectations. ), 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 company has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Wixom, MI. Aurora Press Kit. Prior to the consummation of the Aurora Business Combination, following the approval of the Company?s shareholders, and in accordance with the General Corporation Law of the State of Delaware, as amended (the ?DGCL? A definitive proxy statement and other relevant documents will be mailed to RTPY shareholders of record as of the close of business on September 30, 2021. The foregoing list of factors is not exhaustive. 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. Item2. Initial Public Offering 9 Months Ended Sep. Related Party Transactions 9 Months Ended Sep. Commitments and Contingencies 9 Months Ended Sep. ClassA Ordinary Shares Subject to Possible Redemption 9 Months Ended Sep. 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. We are, from time to time, subject to various claims, lawsuits and other legal and administrative proceedings arising in the ordinary course of business. Aurora plans to merge with the special purpose acquisition company (SPAC) Reinvent Technology Partners Y (NASDAQ: RTPY) and expects to list on Nasdaq with the ticker symbol AUR on November 4. It tests its self-driving vehicles on Pittsburgh streets in Lawrenceville and the Strip District, and it has offices in the Bay Area; Dallas; Seattle; Bozeman, Montana; Louisville, Colorado; and A list of the names of the directors and executive officers of RTPY and Aurora and information regarding their interests in the proposed transaction are set forth in the proxy statement/prospectus. The Private Placement Warrants will be. At September30, 2021, 24,437,500 ClassB ordinary shares were issued and outstanding. 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. Conditionally redeemable ClassA ordinary shares (including Classordinary shares that features redemption rights that were either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control) are classified as temporary equity. To learn more, visit www.aurora.tech. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. RTPY also will file other documents regarding the proposed transaction with the SEC. (?ASC 815?). Apple introduces Apple Business Essentials. ), the effectiveness of our disclosure controls and procedures as of September 30, 2021, pursuant to Rule 13a-15(b) under the Exchange Act. Market leader Aurora Innovation agreed to a business combination with Reinvent Technology Partners Y back in July and the recent price References to ?Aurora Innovation? Our management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on our unaudited condensed consolidated financial statements. Rayla, Callum, and Ezran are summoned by an ancient ritual to a portal between life and death, where Rayla's search to confirm Lord Viren's death is complicated by unexpected dangers. The cookie is used to store the user consent for the cookies in the category "Other. 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. Founded in 2017 by experts in the self-driving industry, Aurora is on a mission to deliver the benefits of self-driving technology safely, quickly, and broadly. 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? The SPAC said the exact value of Aurora shares will not Its product, the Aurora Driver, is a platform that brings together software, hardware, and data services, to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. or ?we? The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender?s discretion, up to $2.5million of such Working Capital Loans have been convertible into warrants of the post Business Combination entity at a price of $2.50 per warrant. 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 2015-2021 Fintel Ventures LLC. The material weakness discussed below was remediated during the quarter ended September 30, 2021.
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