Better HoldCo Inc., the parent company of Better Mortgage, is merging with Aurora Acquisition Corp. (NASDAQ: AURC, AURCU, AURCW), a publicly traded special purpose acquisition company (SPAC).
The company had first announced the plan to merge with Aurora in May 2021, but the deal was delayed until now. As a result of the merger, the combined entity will become a publicly listed company named Better Home & Finance Holding Co. and its Class A common stock and warrants are expected to begin trading on the Nasdaq stock market under the symbols “BETR” and “BETRW.”
Aurora’s shareholders voted to approve the proposed business combination Better on Friday afternoon. Better has also received consent from its stockholders to approve the combination, which is expected to occur on or about Aug. 22.
The New York City-headquartered Better was founded in 2014. Between the time of its initial news of the Aurora merger and the just-announced deal, the company acquired the UK digital mortgage broker Trussle in September 2021 the London-based crowdfunding platform Property Partner in November 2021.
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