Aurora Acquisition Corp

Aurora Acquisition Corp. operates as blank check company which was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. The company was founded on October 7, 2020 and is headquartered in London, the United Kingdom. Redemption Price: 10. Warrant Coverage: 1/4.

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Better Home & Finance Holding Co. engages in the provision of comprehensive homeownership services. It offers mortgage loans, real estate agent services, and title and homeowner's insurance services. The company was founded in 2014 and is headquartered in New York, NY.

The Special Purpose Acquisition Company (SPAC) begins trading publicly. During this phase the SPAC looks for a target company to merge with or acquire.

PREVIOUS PHASE

The SPAC announces which company it will be acquiring (and taking public).

CURRENT PHASE

Investors and shareholders will meet to approve the acquisition.

NEXT PHASE

One of Better.com's former executives has filed a lawsuit against the online mortgage lender, alleging that the company and its CEO Vishal Garg misled investors when it attempted to go public via a SPAC, reports the Wall Street Journal. Sarah Pierce served as executive vice president of customer experience, sales and operations at Better.com before […]

Former Better.com exec alleges company misled investors ahead of SPAC

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Better.com CEO Vishal Garg has acknowledged to employees that he “personally guaranteed” the $750 million cash infusion provided to the online mortgage lender last November in an email seen by TechCrunch. Let's start at the beginning.

Better.com CEO Vishal Garg says he is ‘personally liable' for $750M SoftBank loan

Better.com has conducted its third mass layoff in less than five months, citing a declining mortgage market, according to an email to employees seen by TechCrunch. TechCrunch reported that the move was coming on April 12.

Better.com conducts third round of layoffs in five months

When Better.com CEO Vishal Garg laid off 900 employees, or about 9% of the company's staff, in early December, the startup world was shocked with his callous delivery. Now a video of Garg and CFO Kevin Ryan addressing the remaining employees right after the chief executive performed those layoffs has emerged, confirming many reports of his […]

“We probably pissed away $200 million,” Better.com CEO told employees in layoffs meeting

The online mortgage startup is reportedly planning to fire about 4,000 workers — half its remaining staff — just months after laying off 900 workers.

Better.com is reportedly set to lay off 4,000 more workers this week

Online mortgage lender Better.com is poised to lay off roughly 50% of its staff of about 8,000 this week, according to sources familiar with internal happenings at the company. TechCrunch first reported on February 18 that the new round of layoffs were coming.

Better.com plans to lay off about 4,000 people this week, sources say

Board of directors say Vishal Garg has reflected on his leadership style and received executive coaching during his time off

Better.com CEO who fired employees over Zoom returns to work after hiatus

The CEO of Better.com, best known for firing 900 employees over Zoom just before Christmas, is coming back to work.

The CEO of Better.com who fired 900 employees over Zoom is coming back

Better.com founder Vishal Garg will return as CEO of the online mortgage lender, just weeks after he laid off 900 employees during a now-infamous Zoom call.

Better's Vishal Garg returns as CEO after infamous Zoom mass layoffs

Garg spent his time off reflecting on his leadership, reconnecting with company values and working with an executive coach, per an internal memo.

Vishal Garg is stepping back into his role as CEO of Better one month after firing 900 employees over Zoom

After a month-long “break,” Better.com CEO Vishal Garg is back at the helm of the mortgage tech company he co-founded in 2016, according to an internal memo that circulated today that has been shared with TechCrunch. In the memo, the Better board of directors said it was “moving forward with strong, dynamic CEO leadership.

Better.com CEO Vishal Garg returns to work amid controversy regarding his leadership

Garg cited market efficiency, performance and productivity as the reason behind the firings.

Better founder Vishal Garg, who did mass Zoom layoff, returns as CEO

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Better.com Chief Executive Officer Vishal Garg is taking time off effective immediately, Vice reported on Friday, citing an email from the digital mortgage company's board. Garg apologized earlier this week for his manner of handling layoffs at the mortgage company after a video of him firing 900 people via a Zoom call went viral on social.

Better.com CEO to take leave of absence after Zoom layoff disaster

The chief executive of the online mortgage lender Better issued an apology following the backlash created by his firing of 900 workers, approximately 9% of the company's workforce, during a hostile 3-minute call on the Zoom (NASDAQ: ZM) platform. What Happened: Vishal Garg, Better's CEO, spoke with those designated for termination last Wednesday ahead of the Thanksgiving holiday break, claiming it was a “really, really challenging decision to make” while adding it was “the second time in my career I'm doing this and I do not want to do this — the last time I did it, I cried.

Better CEO Apologizes After Backlash From Mass Firing On Zoom Of 900 Employees

Better.com CEO Vishal Garg apparently realizes he's done wrong. (As if the barrage of negative publicity wasn't enough evidence of that ).

Better.com CEO Vishal Garg apologizes to current employees for ‘blundering' of mass layoffs; SPAC delayed

Three of Better.com's top executives have reportedly resigned from the company after the online mortgage lender was hit by a wave of backlash over a leaked Zoom call in which the CEO callously laid off some 900 employees.

Better.com execs resign from company after CEO's controversial mass layoffs over Zoom

"They were stealing from you and stealing from our customers who pay the bills that pay our bills," the Better.com CEO wrote on Blind, per Fortune.

Better.com CEO accused hundreds of the 900 people he laid off on Zoom of 'stealing' by working only 2 hours daily

Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar Thursday, abruptly informing the more than 900 employees on the call they were being terminated just before the holidays.

Better.com CEO fires 900 employees over Zoom

Two months ago, Better was named America's top startup. CEO Vishal Garg has hired 7,000 people ahead of going public with a $6.9 billion valuation.

Online mortgage startup Better reportedly laid off 9% of its staff — about 900 employees — as its plan to go public looms

One day after announcing an amendment to its SPAC agreement, digital mortgage lender Better.com confirmed today that it is laying off roughly 9% of its nearly 10,000 person staff. Doing the math, that amounts to about 900 people.

Ahead of public market debut, Better.com lays off 9% of its staff

NEW YORK--(BUSINESS WIRE)--Headline of release should read: Digital Homeownership Platform Better Announces up to $1.5 Billion in Bridge Financing and Convertible Notes with Aurora Acquisition Corp., Novator Capital (Aurora Sponsor), and SoftBank; Company to Accelerate Transformation of the Homeownership Experience (instead of Digital Homeownership Platform Better Announces Up to $1.5 Billion in Bridge Financing and Convertible Notes with Aurora Acquisition Corp. and SoftBank; Company to Accele

CORRECTING & REPLACING Digital Homeownership Platform Better Announces up to $1.5 Billion in Bridge Financing and Convertible Notes with Aurora Acquisition Corp., Novator Capital (Aurora Sponsor), and SoftBank; Company to Accelerate Transformation.

Digital mortgage lender Better.com, which announced in March that it was going public via a SPAC, is getting a cash infusion from its backers sooner than expected. Blank-check company Aurora Acquisition Corp. and SoftBank have decided to amend the terms of their financing agreement to provide Better with half of the $1.5 billion they committed […]

Better.com gets $1B cash infusion in new agreement with its SPAC backers

NEW YORK--(BUSINESS WIRE)--Better HoldCo, Inc. (“Better” or the “Company”), one of the fastest-growing digital homeownership platforms in the world, and Aurora Acquisition Corp. (NASDAQ: AURC) (“Aurora”), a special purpose acquisition company, who on May 11, 2021 announced a definitive merger agreement that would transform Better into a publicly-listed company, today announce an amended agreement that provides Better with immediate capital to fortify its balance sheet and accelerate the growth

Digital Homeownership Platform Better Announces Up to $1.5 Billion in Bridge Financing and Convertible Notes with Aurora Acquisition Corp. and SoftBank; Company to Accelerate Transformation of the Homeownership Experience

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