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Aurora Acquisition Corp. (NASDAQ: AURC) has postponed its Extraordinary General Meeting initially scheduled for February 24, 2023, to the same day at 5:30 p.m. Eastern Time. This meeting aims to vote on a proposal to extend the deadline for the Company to complete an initial business combination. The record date for shareholder voting remains January 10, 2023, and shareholders can vote regardless of any subsequent share sales. Additionally, the deadline for shareholders to submit redemption requests has been extended to 4:00 p.m. Eastern Time on February 24, 2023. Investors are encouraged to read the Extension Proxy Statement for important information regarding the proposal.
Aurora Acquisition Corp. (NASDAQ: AURC) announced the filing of a definitive proxy statement for a special meeting on February 24, 2023, aimed at extending the deadline for completing a business combination from March 8, 2023 to September 30, 2023. Shareholders will also vote on the potential adjournment of this meeting. Notably, the company plans to merge with Better Holdco, Inc., a fintech leader that has funded over $100 billion in loans. The merger aims at solidifying Better's position in the real estate finance market and enhancing operational capabilities.
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Better HoldCo is in the process of becoming a publicly-listed company via a merger with Aurora Acquisition Corp (AURC), submitting amendment No. 6 to its Form S-4 registration statement. This deal is projected to generate
Better HoldCo, Inc. has amended its merger agreement with Aurora Acquisition Corp. (AURC) to secure a $1.5 billion all-primary capital transaction, bolstering its balance sheet for growth in a shifting mortgage landscape. With immediate funding of $750 million, Better will exceed $1 billion in cash reserves. This deal maintains an implied equity value of $6.9 billion for Better. The collaboration with SoftBank and Aurora aims for a public listing pending SEC approvals, allowing Better to leverage its doubled market share during an industry transformation.
Better HoldCo has secured up to
Better HoldCo, Inc. has announced a merger agreement with Aurora Acquisition Corp. (NASDAQ: AURC) that will make Better a publicly-listed company. The deal implies an equity value of approximately $6.9 billion for Better, with a post-money valuation of about $7.7 billion. Better, a digital homeownership platform, has seen significant growth, with funded loan volumes exceeding $24.2 billion and substantial increases in title and homeowners insurance placements. The transaction includes a $1.5 billion PIPE investment from SoftBank, aimed at supporting Better's growth and improving customer experience.
