Better to go public via a SPAC merger with Aurora Acquisition in a $7.7bn deal.

Better, a digital homeownership platform, agreed to go public via a SPAC merger with Aurora Acquisition in a $7.7bn deal. SoftBank, Novator Capital and Activant Capital have provided $1.5bn in PIPE. Subject to customary closing conditions, the transaction is expected to close in the fourth quarter of 2021. “This transaction is the beginning of an amazing new chapter in Better’s history. This transaction provides investment capital to accelerate Better’s growth and support our mission to make homeownership simpler, faster, more affordable and more accessible for all Americans, and eventually everyone else," Vishal Garg, Better Founder and CEO.