Aurora Acquisition Corp. Announces Postponement of Extraordinary General Meeting on February 24, 2023 and Extension of Redemption Deadline

Rhea-AI Summary

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.

Positive

• Postponement allows more time for shareholders to make informed decisions regarding the Extension Proposal.
• Shareholders who have already cast votes are not required to take further action, simplifying participation.

Negative

• Postponement could indicate delays in identifying a suitable business combination, raising concerns among investors.
• Extension of redemption request deadline suggests potential uncertainty in securing shareholder support.

NEW YORK--(BUSINESS WIRE)-- Aurora Acquisition Corp. (NASDAQ: AURC) (“Aurora” or the “Company”), a publicly traded special purpose acquisition company (“SPAC”), today announced that its previously announced extraordinary general meeting (the “Extraordinary General Meeting”) for the purpose of considering and voting on a proposal to amend the Company’s amended and restated memorandum and articles of association to extend the date by which Aurora must consummate an initial business combination (the “Extension Proposal”) has been postponed from February 24, 2023 commencing at 9:00 a.m. Eastern Time, to February 24, 2023, commencing at 5:30 p.m., Eastern Time (the “Postponement”) (or at such other time, on such other date and at such other place at which the meeting may be adjourned or postponed).

The record date for determining the Company’s shareholders entitled to receive notice of and to vote at the Extraordinary General Meeting remains the close of business on January 10, 2023 (the “Record Date”). Shareholders as of the Record Date can vote even if they have subsequently sold their shares. Shareholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not take any action. Shareholders who have not yet done so are encouraged to vote as soon as possible.

As a result of the Postponement, the previously disclosed deadline of 5:00 p.m. Eastern Time on February 22, 2023 for the Company’s shareholders to deliver redemption requests to the Company’s transfer agent, or to withdraw any previously delivered demand for redemption, has been extended to 4:00 p.m. Eastern Time on February 24, 2023.

If any such shareholders have questions or need assistance in connection with the Extraordinary General Meeting, please contact the Company’s proxy solicitation agent at the following address and telephone number:

Okapi Partners LLC
1212 Avenue of the Americas, 17th Floor
New York, NY 10036
Telephone: (877) 259-6290
(banks and brokers can call (212) 297-0720)
Email: info@okapipartners.com

About Aurora Acquisition Corp.

Aurora Acquisition Corp. is a 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”). The Company is led by Thor Björgólfsson as its Chairman, Arnaud Massenet as its Chief Executive Officer, and Prabhu Narasimhan as its Chief Investment Officer.

Through its philosophy of “founders investing in Founders”, Aurora looks to empower strong management teams and make long term investments in companies poised for sustained success. Aurora is sponsored by Novator Capital. Additional information regarding Aurora Capital may be found at: https://aurora-acquisition.com/.

Additional Information and Where to Find It

Aurora has filed a definitive proxy statement (the “Extension Proxy Statement”) to be used at the Extraordinary General Meeting to approve the Extension Proposal. Aurora has mailed the Extension Proxy Statement to its shareholders of record as of the close of business on January 10, 2023. Investors and security holders of Aurora are advised to read the Extension Proxy Statement and any amendments or supplements thereto, because these documents contain important information about the Extension Proposal and Aurora. Shareholders are also able to obtain copies of the Extension Proxy Statement and any amendments or supplements thereto, without charge, at the SEC’s website at www.sec.gov or by directing a request to Aurora's proxy solicitation agent at the following address and telephone number: Okapi Partners LLC, 1212 Avenue of the Americas, 17th Floor, New York, NY 10036; Telephone: (877) 259-6290 (banks and brokers can call (212) 297-0720); Email: info@okapipartners.com.

Participants in the Solicitation

Aurora and its directors and executive officers may be deemed participants in the solicitation of proxies from Aurora’s shareholders with respect to the Extension Proposal. A list of the names of those directors and executive officers and a description of their interests in Aurora is contained in Aurora’s Annual Report on Form 10-K filed with the SEC on March 25, 2022, any subsequent Quarterly Report on Form 10-Q filed with the SEC and in the other reports the Company file with the SEC, including the Extension Proxy Statement, each of which is available free of charge at the SEC’s web site at sec.gov, or by directing a request to Aurora Acquisition Corp., 20 North Audley Street, London W1K 6LX, United Kingdom, Attention: Arnaud Massenet, Chief Executive Officer, +44 (0)20 3931 9785.

No Offer or Solicitation

This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005640/en/

Khurram Kayani

Khurram@novatorcapital.com

Dara Dierks/Investors, or Keil Decker/Media, for Aurora Acquisition Corp.

AuroraAcquisition@icrinc.com

Source: Aurora Acquisition Corp.

FAQ

What is the reason for the postponement of the Extraordinary General Meeting for AURC?

The postponement allows shareholders more time to consider the Extension Proposal regarding the initial business combination deadline.

What is the new time for the Extraordinary General Meeting of AURC?

The Extraordinary General Meeting has been rescheduled to February 24, 2023, at 5:30 p.m. Eastern Time.

What is the new deadline for AURC shareholders to submit redemption requests?

The deadline for shareholders to submit redemption requests has been extended to 4:00 p.m. Eastern Time on February 24, 2023.

What should AURC shareholders do if they have questions about the Extraordinary General Meeting?

Shareholders can contact Aurora’s proxy solicitation agent, Okapi Partners LLC, for assistance regarding the Extraordinary General Meeting.

What is included in the Extension Proxy Statement for AURC?

The Extension Proxy Statement contains important information about the Extension Proposal and details regarding the Extraordinary General Meeting.