Mortgage lender is moments away from going public
Mortgage fintech Better.com and blank-check company Aurora Acquisition have overcome the last obstacles to their merger after three years of waiting.
After a myriad of challenges, Better is set to go public through a business combination with Aurora, having received the go-ahead from regulators and stakeholders.
The business combination is expected to finally close on August 22. Aurora confirmed that 97.7% of outstanding Class A ordinary shares voted in favor of the merger. Better has also received the green light from its stockholders to approve the business combination.
Read more: Better.com announces public offering via SPAC
“Aurora’s sponsor, directors, and executive officers (or their respective affiliates) own 97.7% of the issued and outstanding Aurora ordinary shares, including 100% of the issued and outstanding Aurora Class B ordinary shares, and committed to vote in favor of the business combination,” the companies noted when they announced the approval.
Once the merger is complete, the combined company will get $750 million in capital, according to Aurora’s SEC filing in July. The combined entity will go by Better Home & Finance Holding Company and start trading on the Nasdaq stock market under the symbol “BETR.”
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