Aurora Acquisition Corp. files definitive proxy to extend business combination deadline to Sep 30, 2023

Better Home & Finance Holding Co

Entered letter agreement with Better and Novator to extend merger deadline to Sep 30, 2023; can extend to Mar 30, 2024.
Special shareholder meeting on Feb 24, 2023 to approve amendment extending deadline from Mar 8 to Sep 30, 2023.
Better agreed to reimburse Aurora's regulatory expenses and deferred bridge note maturity to Sep 30, 2023.
Novator option to exchange bridge notes for Better preferred stock at 50% discount or Aurora Class B at 75% discount.
Better and Aurora expect to close business combination in 2023, combining to form publicly traded company named Better.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Better Home & Finance Holding Co entered into Letter Agreement with Better HoldCo, Inc., Aurora Acquisition Corp., and Novator Capital Sponsor Ltd. (effective 2023-02-07).

Action: entry
Counterparty: Better HoldCo, Inc., Aurora Acquisition Corp., and Novator Capital Sponsor Ltd.
Effective: 2023-02-07

Exact text from the filing

On February 7, 2023, Aurora Acquisition Corp., a Cayman Island exempted company (“Aurora”), Better HoldCo, Inc., a Delaware corporation (“Better”) and Novator Capital Sponsor Ltd., a Cyprus limited liability company (“Novator”) entered into a letter agreement (the “Letter Agreement”)

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Better Home & Finance Holding Co filing history →

Source: SEC EDGAR

accession 0001104659-23-012052

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