Aurora Acquisition Corp. postpones extraordinary general meeting to Feb 24, 5:30 PM ET; extends redemption deadline

Better Home & Finance Holding Co

Limited waiver allows sponsor to redeem up to $17M of private placement shares in connection with extension vote.
Sponsor agrees to invest up to $17M in Better common stock if deal closes by Sep 30, 2023, or $35M in preferred/class B if not.
Extraordinary general meeting postponed from 9:00 AM to 5:30 PM ET on Feb 24, 2023.
Redemption deadline extended to 4:00 PM ET on Feb 24, 2023.
Merger agreement outside date expected to be extended to Sep 30, 2023.

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 amended Limited Waiver with Novator Capital Sponsor Ltd., certain individuals (Insiders), and Better HoldCo, Inc. valued at up to an aggregate of $17 million (effective 2023-02-23).

Action: amendment
Counterparty: Novator Capital Sponsor Ltd., certain individuals (Insiders), and Better HoldCo, Inc.
Value: up to an aggregate of $17 million
Effective: 2023-02-23

Exact text from the filing

On February 23, 2023, Aurora Acquisition Corp., a Cayman Island exempted company (“Aurora” or the “Company”), Novator Capital Sponsor Ltd., a Cyprus limited liability company (the “Sponsor”), certain individuals, each of whom is a member of the board of directors and/or management team of Aurora (the “Insiders”) , and Better HoldCo, Inc. a Delaware corporation ("Better"), entered into a limited waiver (the “Limited Waiver”) to the Amended and Restated Letter Agreement (the “A&R Letter Agreement”), dated as of May 10, 2021, by and among Aurora, the Sponsor and the Insiders.

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Source: SEC EDGAR

accession 0001104659-23-024537

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