Filing Details

Accession Number:
0001628280-23-030574
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-08-24 21:42:34
Reporting Period:
2023-08-22
Accepted Time:
2023-08-24 21:42:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1835856 Better Home & Finance Holding Co BETR Loan Brokers (6163) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1851865 Ltd. Sponsor Capital Novator 20 North Audley Street
London X0 W1K 6LX
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Ordinary Shares Disposition 2023-08-22 636,240 $0.00 0 No 4 J Direct
Class A Common Stock Acquisiton 2023-08-22 636,240 $0.00 636,240 No 4 J Direct
Class A Common Stock Acquisiton 2023-08-22 3,471,946 $0.00 4,108,186 No 4 C Direct
Class A Common Stock Acquisiton 2023-08-22 1,700,000 $0.00 5,808,186 No 4 P Direct
Class A Common Stock Acquisiton 2023-08-22 40,000,000 $0.00 45,808,186 No 4 C Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Direct
No 4 J Direct
No 4 C Direct
No 4 P Direct
No 4 C Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Warrant (right to buy) Disposition 2023-08-22 4,005,029 $0.00 4,005,029 $11.50
Class A Common Stock Warrant (right to buy) Acquisiton 2023-08-22 4,005,029 $0.00 4,005,029 $11.50
Class A Common Stock Class B Ordinary Shares Disposition 2023-08-22 3,471,946 $0.00 3,471,946 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 J Direct
4,005,029 No 4 J Direct
0 No 4 C Direct
Footnotes
  1. On August 22, 2023, in connection with the completion of the Issuer's (as defined below) initial business combination (the "Business Combination") pursuant to the Agreement and Plan of Merger (as amended, the "Merger Agreement"), dated May 10, 2021, by and among Aurora Acquisition Corp. ("Aurora"), Aurora Merger Sub I, Inc., and Better Holdco Inc. ("Better"), the Class A ordinary shares of Aurora, par value $0.0001 per share, automatically converted into shares of the Issuer's Class A common stock on a one-for-one basis for no additional consideration. As part of the Business Combination, Aurora changed its name to Better Home & Finance Holding Company (the "Issuer").
  2. In connection with the completion of the Business Combination, the Class B ordinary shares of Aurora, par value $0.0001 per share, automatically converted into shares of the Issuer's Class A common stock on a one-for-one basis for no additional consideration.
  3. On August 22, 2023, in connection with that certain Limited Waiver to the Amended and Restated Insider Letter Agreement, dated February 23, 2023, by and among Aurora, Better, and the Reporting Person, the Reporting Person subscribed for 1,700,000 shares of the Issuer's Class A common stock at a price of $10.00 per share.
  4. On August 22, 2023, pursuant to the Pre-Closing Bridge Note Purchase Agreement, dated as of November 30, 2021, as amended by those certain Letter Agreements dated August 26, 2022, and February 7, 2023, among Aurora, Better and the Reporting Person, $100,000,000 worth of subordinated 0% bridge promissory notes held by the Reporting Person converted into 40,000,000 shares of the Issuer's Class A common stock.
  5. In connection with the completion of the Business Combination, outstanding warrants to purchase Class A ordinary shares of Aurora automatically converted into warrants to purchase shares of the Issuer's Class A Common Stock (each, an "Issuer Warrant") for no additional consideration. The Issuer Warrants have an exercise price of $11.50 and will expire on August 22, 2028, five years from the completion of the Business Combination, or earlier upon redemption or liquidation.