Digital mortgage lender Better.com and blank-check firm Aurora Acquisition Corp. extended the deadline to conclude their merger agreement, but the companies have already started to discuss options in case the deal fails. 

In May 2021, Novator Capital-sponsored special purpose acquisition company Aurora announced plans to make Better.com public in the fourth quarter of 2021. The deal valued the SoftBank Group-backed digital lender at nearly $8 billion.

However, amid a shrinking mortgage market, Aurora and Better.com announced on Monday a second extension to the merger agreement end date, from Sept. 30, 2022, to March 8, 2023. The initial deadline was Feb. 12, 2022.

Due to the extension, Better.com details ⇒

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