{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-030418","form_type":"8-K","ticker":"BETR","cik":"0001835856","company_name":"Better Home & Finance Holding Co","filed_at":"2023-08-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.605339+00:00","generated_at":"2026-06-11T04:58:05.688095+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Better Home & Finance closes business combination with Aurora, starts trading under 'BETR'","bullets":["Business combination closed on Aug 22, 2023; Better begins trading on Nasdaq under BETR and BETRW on Aug 24.","Approximately $565M of fresh capital unlocked, including $528M convertible note from SoftBank (1% coupon, matures 2028) and equity from NaMa Capital.","Better has surpassed $100B in funded loans; plans to continue developing Tinman platform.","SoftBank's original $650M commitment reduced to $550M due to sponsor not funding; actual note issued $528M.","Convertible notes have conversion price based on VWAP with floor $8 and cap $12 per share, redeemable at 115% of par under certain conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-030418","json":"https://secwatch.observer/filing/0001628280-23-030418.json","markdown":"https://secwatch.observer/filing/0001628280-23-030418.md","text":"https://secwatch.observer/filing/0001628280-23-030418.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1835856/000162828023030418/0001628280-23-030418-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1835856/000162828023030418/betr-20230821.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T04:58:05.688095+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0f8e13088a29e451f097c58415b4ea9071027c75","claim":"Better Home & Finance Holding Co incurred convertible notes of $528,585,444 with SoftBank at 1% per annum maturing August 15, 2028.","evidence_excerpt":"On August 22, 2023, the Company issued and sold to SoftBank senior subordinated convertible notes in the aggregate principal amount of $528,585,444 (the “Convertible Notes”) pursuant to an Indenture, dated as of August 22, 2023 (the “Indenture”), between the Company and GLAS Trust Company LLC, as trustee.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835856/000162828023030418/0001628280-23-030418-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$528,585,444"},{"label":"Counterparty","value":"SoftBank"},{"label":"Rate","value":"1% per annum"},{"label":"Maturity","value":"August 15, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0a4ea3e177180de09f79029e0f5fddb9ea69c2d1","claim":"Better Home & Finance Holding Co entered into Agreement and Plan of Merger with Better Holdco, Inc., Aurora Merger Sub I, Inc. (effective 2023-08-22).","evidence_excerpt":"consummated the previously announced business combination pursuant to the terms of the Agreement and Plan of Merger, dated as of May 10, 2021, as amended","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835856/000162828023030418/0001628280-23-030418-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Better Holdco, Inc., Aurora Merger Sub I, Inc."},{"label":"Effective","value":"2023-08-22"}],"fact_type":"material_agreement"},{"claim_id":"2cdcd06f08ca809000b6be2c88390c248b3de87d","claim":"Better Home & Finance Holding Co amended Amendment No. 2 to the Subscription Agreement with SB Northstar LP valued at $650,000,000 (effective 2023-08-21).","evidence_excerpt":"On August 21, 2023, Aurora, Better and SB Northstar LP, a Cayman Islands exempted limited partnership (“SoftBank”) entered into an Amendment No. 2 to the Subscription Agreement, dated as of May 10, 2021, as amended by Amendment No. 1, dated as of November 30, 2021 (“Amendment No. 2”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835856/000162828023030418/0001628280-23-030418-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"SB Northstar LP"},{"label":"Value","value":"$650,000,000"},{"label":"Effective","value":"2023-08-21"}],"fact_type":"material_agreement"},{"claim_id":"cd3c14249443bbb89e708fafe86c085911d03551","claim":"Better Home & Finance Holding Co entered into Indenture with GLAS Trust Company LLC valued at aggregate principal amount of $528,585,444 (effective 2023-08-22).","evidence_excerpt":"On August 22, 2023, the Company issued and sold to SoftBank senior subordinated convertible notes in the aggregate principal amount of $528,585,444 (the “Convertible Notes”) pursuant to an Indenture, dated as of August 22, 2023 (the “Indenture”), between the Company and GLAS Trust Company LLC, as trustee","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835856/000162828023030418/0001628280-23-030418-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"GLAS Trust Company LLC"},{"label":"Value","value":"aggregate principal amount of $528,585,444"},{"label":"Effective","value":"2023-08-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}