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Aurora Acquisition Corp. (AURCW)
- Motley Fool
Mortgage Lender Better Going Public Via SPAC: What Investors Need to Know
Online mortgage lender Better is joining the party. The innovative lending platform announced plans to go public via SPAC merger, valuing the company at $7.7 billion. As part of the deal, a SoftBank Group subsidiary is committing a $1.5 billion investment (known as a PIPE in SPAC terms), in addition to the $220 million Aurora raised in its initial SPAC IPO.
- Business Wire
Digital Homeownership Platform Better to Become a Publicly-Listed Company via Merger with Aurora Acquisition Corp.; Company is Redefining the Homeownership Experience
Better HoldCo, Inc.("Better" or the "Company"), one of the fastest-growing digital homeownership platforms in the U.S., and Aurora Acquisition Corp. (NASDAQ: AURC) ("Aurora"), a special purpose acquisition company, which closed its initial public offering on March 8, 2021, today announced that they have entered into a definitive merger agreement that will transform Better into a publicly-listed company. The transaction reflects an implied equity value for Better of approximately $6.9 billion and a post-money equity value of approximately $7.7 billion.
