Welcome to our dedicated page for AURC news (Ticker: AURC), a resource for investors and traders seeking the latest updates and insights on AURC stock.
This page contains historical news coverage for Aurora Acquisition Corp (AURC), which operated as a Special Purpose Acquisition Company in the finance and insurance sector. Aurora Acquisition Corp completed a business combination with Better Home & Finance Holding Company, bringing the Better.com digital mortgage platform to public markets. The AURC ticker represents the pre-merger SPAC entity.
News coverage for Aurora Acquisition Corp primarily focused on SPAC-related developments including the announcement of the business combination with Better.com, shareholder approval processes, and merger completion milestones. For investors tracking the digital mortgage platform business, current news coverage is available under the post-merger ticker symbol for the combined entity.
This historical news archive provides context on the SPAC transaction process and the events that brought Better.com to public markets. The archive documents announcement dates, regulatory filings, and shareholder communications related to the business combination. Understanding the SPAC merger timeline helps investors distinguish between the blank-check company phase and the operating business phase of the combined entity.
SPAC mergers generate specific types of news including target company announcements, proxy statement releases, shareholder vote results, and transaction closing confirmations. These milestones represent the lifecycle of a Special Purpose Acquisition Company from its formation through its completion of a business combination. Investors researching Aurora Acquisition Corp can use this archive to understand how the Better.com merger unfolded.
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.
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.
