Better.com’s SPAC gets a lifeline but remains on life support

Digital mortgage lender Better.com’s SPAC deal with Aurora Acquisition Corp. recently got a new lease on life, extending its timeframe to close the transaction through the end of Q3 2023. Without the extension the transaction would have had to close by today.
Further investigation has turned up an interesting fact in the interim: Even if the Better.com SPAC combination closes, the transaction has been all but neutered from a cash perspective. From the company’s pursuant SEC filing (emphasis TechCrunch):
In connection with the vote to approve the Extension Proposal, the holders of 25,751,449 Cl

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