Aurora Acquisition Corp. Announces Closing of $220 Million Initial Public Offering
Aurora Acquisition Corp. (Nasdaq: AURC) has successfully closed its IPO, raising $220 million by issuing 22 million units at $10.00 each. The offering commenced trading on Nasdaq under the symbol 'AURCU' on March 3, 2021. Additionally, two private placements generated $41.4 million, including 3.5 million units and 4.27 million warrants. Barclays Capital served as the sole book-runner for this offering. Aurora aims to leverage its management team's expertise to pursue strategic mergers and acquisitions primarily in the Technology and Media sectors across Europe, the Middle East, and Africa.
- Raised $220 million in IPO proceeds, enhancing liquidity.
- Successful dual private placements generating $41.4 million.
- Strategic focus on Technology and Media industries can lead to growth.
- Potential risks associated with execution of business combinations.
- Possibility of dilution from future share issuances.
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
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
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 Björgólfsson 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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