General World News

Better closes merger with SPAC Aurora, unlocks $565M in fresh capital

New York-based digital lender Better.com  announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp,ending a two-year journey to make the business public. 

Better HoldCo, Inc. and Aurora are creating Better Home & Finance Holding Company, which will have Class A common stock listed on the Nasdaq under the ticker “BETR” starting Thursday. 

The deal will unlock $565 million of fresh capital for an unprofitable company. (Better.com incurred an $89.9 million loss in the first quarter of 2023, per Securities and Exchange Commission (SEC) filings.)

The capital infusion includes a $528 million convertible note details ⇒

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