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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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
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
No	4	J	Direct
No	4	J	Direct
No	4	C	Direct
No	4	P	Direct
No	4	C	Direct

Reported Derivative Transactions

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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	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

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").
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.
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.
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.
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.