Aurora Acquisition Corp. (AURC) Postpones Extension Vote
by Marlena Haddad on 2023-02-23 at 10:33am

Aurora Acquisition Corp. (NASDAQ: AURC) announced this morning that it is pushing back tomorrow’s special meeting from 9 a.m. to 5:30 p.m.

As a result of the postponement, the redemption deadline was also extended from 5:00 p.m. on February 22 to 4:00 p.m. on February 24.

The SPAC is currently facing a completion deadline of March 8 for its $6.7 billion deal with proptech firm Better, but is hoping to gain shareholder approval to extend its timeline by 6 months until September 30.

Aurora initially announced its business combination 21 months ago in May 2021, the oldest announced SPAC deal yet to complete, and has tweaked the deal a number of times since then. The revisions have included a replacement of equity financing with convertible notes, an extension of the deal’s outside date to March 8, 2023, and an agreement pursuant to which Better must cover up to $15 million in expenses for Aurora.

New York City-based Better provides a slate of homebuying services connecting consumers with lenders, insurers and realtors.

 

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