NEW YORK, Oct 26, 2021–(Small business WIRE)–Reinvent Technologies Companions Y (“RTPY”) (NASDAQ: RTPY), a distinctive intent acquisition organization that takes a “undertaking capital at scale” tactic to investing, reminds its shareholders to vote “FOR” the proposed company mixture with main self-driving company Aurora. RTPY shareholders of record as of the close of business on September 30, 2021 are entitled to vote at the Remarkable Typical Meeting of Shareholders (“Extraordinary Assembly”), which is being held on November 2, 2021 at 12:00 p.m. ET.
The company mix, if authorized by RTPY shareholders, is expected to near on November 3, 2021. Upon the closing of the business enterprise combination, RTPY will alter its title to Aurora Innovation, Inc., and widespread inventory and warrants of the put together business are envisioned to commence buying and selling on November 4, 2021 on Nasdaq under the ticker symbols “AUR” and “AUROW,” respectively.
Aurora is constructing the technology and company to commercialize self-driving at scale each in autonomous trucking and passenger mobility. Aurora’s business-primary associates consist of Toyota, Uber, Volvo and PACCAR. Fox Advisors has initiated coverage of RTPY with an Outperform and $15 cost focus on, and D.A. Davidson has initiated protection with a Purchase rating and $13 rate focus on. RTPY not long ago posted a thorough financial investment memo on the trader relations section of its website on Aurora and what it thinks is the huge prospective impression of self-driving technological know-how: https://y.reinventtechnologypartners.com/trader-relations/shows-situations/presentations/depth/10295/aurora-financial commitment-thesis.
To devote in Aurora, persons can obtain public shares of RTPY and maintain them as a result of the closing of the small business blend, at which time their RTPY shares will instantly convert to frequent inventory of the publicly stated Aurora on a 1:1 foundation.
Beneath are rules and recommendations on the voting method for RTPY shareholders.
The two least difficult and most effective techniques to vote are as follows:
Vote Online (Highly Recommended): Adhere to the instructions provided by your broker, lender or other nominee on the voting instruction variety mailed (or e-mailed) to you. To vote on-line, you will need to have your voting management selection, which you can find on your Voting Instruction Sort. Votes submitted electronically more than the Web need to be received by 11:59 p.m. ET on November 1, 2021.
Vote by Phone: Follow the instructions supplied by your broker, financial institution or other nominee on the Voting Instruction Type mailed (or e-mailed) to you. To vote through the automated telephone company, you will need your voting management number, which you can come across on your Voting Instruction Kind. Votes submitted around the telephone have to be acquired by 11:59 p.m. ET on November 1, 2021.
On top of that, you can vote by mail:
Vote by Mail: Observe the guidance presented by your broker, lender or other nominee on the Voting Instruction Kind mailed to you. Be sure to be guaranteed to (1) mark, indication and day your Voting Instruction Sort, (2) fold and return your Voting Instruction Variety in the postage-compensated envelope supplied, and (3) mail your Voting Instruction Variety to make sure receipt on or in advance of 11:59 p.m. ET on November 1, 2021.
YOUR Regulate Amount IS Identified ON YOUR VOTING INSTRUCTION Form. If you misplaced or did not get your Voting Instruction Kind, get hold of your broker, lender or other nominee to get hold of your management number in get to vote. A lender, broker or other nominee is a particular person or organization that acts as an middleman among an investor and the stock exchange who can assistance you vote your shares.
RTPY shareholders needing further more assistance in voting their RTPY shares can get in touch with Morrow Sodali by contacting 800-662-5200, or banking companies and brokers can call obtain at 203-658-9400, or by emailing [email protected].
Started in 2017 by experts in the self-driving marketplace, Aurora is on a mission to deliver the advantages of self-driving technological innovation properly, rapidly, and broadly. To move equally individuals and items, the company is creating the Aurora Driver, a platform that brings alongside one another software, hardware and details providers to autonomously operate passenger motor vehicles, mild business vehicles, and large-responsibility vans. Aurora is backed by Sequoia Funds, Baillie Gifford, resources and accounts recommended by T. Rowe Cost Associates, among the others, and is partnered with business leaders together with Toyota, Uber, Volvo, and PACCAR. Aurora assessments its automobiles in the Bay Region, Pittsburgh, and Dallas. The firm has workplaces in those people parts as properly as in Bozeman, MT Seattle, WA Louisville, CO and Wixom, MI. To discover far more, check out www.aurora.tech.
About Reinvent Know-how Companions Y
Reinvent Know-how Associates Y is a particular goal acquisition corporation established by Mark Pincus, Michael Thompson, and Reid Hoffman. Reinvent Know-how Partners Y was fashioned to assistance a technological innovation organization to innovate and obtain entrepreneurship at scale by leveraging its team’s running knowledge as founders of legendary engineering corporations, their working experience creating corporations as advisors and board associates, and the cash elevated in its first general public supplying.
Cautionary Assertion Pertaining to Forward Seeking Statements
This push launch has particular ahead-hunting statements inside of the that means of the federal securities legislation with respect to the proposed transaction among Reinvent Technology Partners Y (“RTPY”) and Aurora Innovation, Inc. (“Aurora”). These ahead-searching statements generally are determined by the words and phrases “consider,” “project,” “be expecting,” “anticipate,” “estimate,” “intend,” “system,” “potential,” “option,” “prepare,” “may perhaps,” “should really,” “will,” “would,” “will be,” “continue,” “very likely,” and very similar expressions. Ahead-seeking statements are predictions, projections and other statements about foreseeable future occasions that are centered on present expectations and assumptions and, as a outcome, are subject to dangers and uncertainties. Quite a few variables could lead to precise foreseeable future gatherings to vary materially from the ahead-hunting statements in this document, such as but not restricted to: (i) the possibility that the proposed transaction could not be concluded in a timely fashion or at all, which could adversely impact the value of RTPY’s securities, (ii) the possibility that the proposed transaction may well not be done by RTPY’s company mixture deadline and the probable failure to attain an extension of the enterprise mixture deadline if sought by RTPY, (iii) the failure to fulfill the circumstances to the consummation of the proposed transaction, which includes the adoption of the Arrangement and Prepare of Merger, dated as of July 14, 2021 (the “Merger Agreement”), by and among the RTPY, Aurora and RTPY Merger Sub Inc., a Delaware company and a immediate wholly owned subsidiary of RTPY, by the shareholders of RTPY, the satisfaction of the minimum amount funds condition pursuing redemptions by RTPY’s public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the incapacity to comprehensive the PIPE expenditure in link with the proposed transaction, (v) the event of any event, alter or other circumstance that could give rise to the termination of the Merger Agreement, (vi) the effect of the announcement or pendency of the proposed transaction on Aurora’s organization associations, functioning final results and business typically, (vii) challenges that the proposed transaction disrupts present-day plans and operations of Aurora and opportunity complications in Aurora worker retention as a final result of the proposed transaction, (viii) the end result of any lawful proceedings or other disputes that might be instituted versus Aurora or versus RTPY related to the Merger Arrangement or the proposed transaction or if not, (ix) the skill to manage the listing of RTPY’s securities on a countrywide securities trade, (x) the selling price of RTPY’s securities could be volatile owing to a assortment of elements, such as variations in the competitive and really controlled industries in which RTPY designs to work or Aurora operates, variations in operating general performance across rivals, alterations in legal guidelines and regulations impacting RTPY’s or Aurora’s business enterprise and improvements in the mixed money composition, (xi) the ability to carry out business enterprise plans, forecasts, and other anticipations right after the completion of the proposed transaction, and identify and realize supplemental prospects, and (xii) the chance of downturns and a changing regulatory landscape in the really competitive self-driving marketplace. The foregoing list of aspects is not exhaustive. You should really diligently take into consideration the foregoing aspects and the other challenges and uncertainties explained in the “Chance Things” segment of RTPY’s registration statement on Type S-1 (File No. 333-253075), its Quarterly Reports on Type 10-Q for the durations finished March 31, 2021 and June 30, 2021, respectively, the registration statement on Kind S-4 talked over down below and other paperwork submitted by RTPY from time to time with the SEC. These filings determine and tackle other critical threats and uncertainties that could lead to actual situations and effects to vary materially from those contained in the ahead-looking statements. Forward-looking statements speak only as of the day they are made. Audience are cautioned not to put undue reliance on ahead-on the lookout statements, and RTPY and Aurora assume no obligation and do not intend to update or revise these ahead-on the lookout statements, whether or not as a final result of new information, long run events, or or else. Neither RTPY nor Aurora offers any assurance that possibly RTPY or Aurora or the put together firm will reach its expectations.
Further Details and The place to Find It
This push release relates to a proposed transaction among RTPY and Aurora. This press release is not a proxy, consent or authorization with regard to any securities or in respect of the proposed transaction and does not represent an provide to sell or exchange, or the solicitation of an offer to acquire or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which this kind of present, sale or exchange would be unlawful prior to registration or qualification less than the securities legal guidelines of any these jurisdiction. RTPY has filed a registration statement on Kind S-4 with the SEC (333-257912), which involves a prospectus and proxy statement of RTPY, referred to as a proxy statement/prospectus. RTPY has mailed a definitive proxy statement/prospectus and other applicable files to its shareholders of file as of September 30, 2021, the document date set up for the extraordinary standard meeting of shareholders relating to the proposed transaction among RTPY and Aurora. In advance of earning any voting or expense selection, investors and protection holders of RTPY are urged to browse the registration statement, the proxy statement/prospectus and all other suitable documents submitted or that will be filed with the SEC in relationship with the proposed transaction simply because they will include important information and facts about the proposed transaction. Investors and stability holders will be in a position to attain free copies of the registration assertion, the proxy statement/prospectus and all other pertinent paperwork filed or that will be submitted with the SEC by RTPY by means of the internet site maintained by the SEC at www.sec.gov. The paperwork submitted by RTPY with the SEC also may perhaps be attained cost-free of cost at RTPY’s web page at https://y.reinventtechnologypartners.com or on prepared ask for to c/o Reinvent Money, 215 Park Avenue, Ground 11 New York, NY.
Check out supply variation on businesswire.com: https://www.businesswire.com/news/home/20211026005708/en/
Reinvent Engineering Partners Y:
Ed Trissel / Scott Bisang
Joele Frank, Wilkinson Brimmer Katcher