Aeva $115 million follow-on offering
We advised the underwriters on the offering
Davis Polk advised the representative of the underwriters in connection with the approximately $115 million follow-on offering of 5,168,539 shares of common stock of Aeva Technologies, Inc., which includes 674,157 shares purchased by the underwriters pursuant to the full exercise of the underwriters’ option to purchase additional shares. Aeva’s common stock is listed on The Nasdaq Global Select Market under the symbol “AEVA.”
Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving, manufacturing automation and smart infrastructure, to robotics and consumer devices. Aeva is accelerating autonomy with its groundbreaking perception platform that integrates lidar-on-chip technology, system-on-chip processing and perception algorithms onto silicon leveraging silicon photonics. Aeva 4D LiDAR sensors uniquely detect velocity and position simultaneously, allowing automated devices like vehicles and robots to make more intelligent and safe decisions.
The Davis Polk corporate team included partner Richard D. Truesdell, Jr., counsel John H. Runne and associates Sakiko Nishida, Gianmarco Dedós Capote and Ding Yuan. The tax team included partner Patrick E. Sigmon and associates Jenna Battaglia and Afrika Nora Owes. All members of the Davis Polk team are based in the New York office.