We didn’t think we’d see the day.
Digital mortgage lender Better.com’s proposal to combine with Aurora Acquisition Corp. via a SPAC (special purpose acquisition) has been approved by shareholders, the company confirmed today.
According to a Securities and Exchange Commission (SEC) filing, Better.com will combine with Aurora, or go public, “on or about August 22, 2023.”
“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, as reported by HousingWire.
Upon the closing of the transaction, the combined entity will see an infusion of at least $550 million in new capital from SoftBank, according to Aurora’s filing with the SEC in July. It could also receive another $200 million. If Novator, an investment firm that sponsors Aurora, exercises its $100 million option, then SoftBank is required to mat …
