General World News’s improbable IPO proposal is approved  

New York-based digital lender will be going public via a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp. nearly two years after Better’s initial timeline to IPO. 

“At least 65% of the outstanding ordinary shares of the company entitled to vote at this meeting have voted in favor of (the) proposal,” Arnaud Massenet, CEO of Aurora Acquisition Corp, said in a shareholder’s meeting on Friday. 

The transaction, once finalized, will infuse the combined entity with $750 million in new capital, Aurora’s filing with the Securities and Exchange Commission (SEC) in July noted.

Better’s SPAC deal with Aurora had been details ⇒

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