4//SEC Filing
Bjorgolfsson Thor 4
Accession 0001628280-23-030573
CIK 0001835856other
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 9:42 PM ET
Size
29.3 KB
Accession
0001628280-23-030573
Insider Transaction Report
Form 4
Bjorgolfsson Thor
DirectorChairman10% Owner
Transactions
- Other
Warrant (right to buy)
2023-08-22−4,005,029→ 0 total(indirect: Held through Novator Capital Sponsor Ltd.)Exercise: $11.50→ Class A Common Stock (4,005,029 underlying) - Other
Class A Common Stock
2023-08-22+636,240→ 636,240 total(indirect: Held through Novator Capital Sponsor Ltd.) - Conversion
Class A Common Stock
2023-08-22+3,471,946→ 4,108,186 total(indirect: Held through Novator Capital Sponsor Ltd.) - Conversion
Class A Common Stock
2023-08-22+40,000,000→ 45,808,186 total(indirect: Held through Novator Capital Sponsor Ltd.) - Other
Warrant (right to buy)
2023-08-22+4,005,029→ 4,005,029 total(indirect: Held through Novator Capital Sponsor Ltd.)Exercise: $11.50→ Class A Common Stock (4,005,029 underlying) - Other
Class A Ordinary Shares
2023-08-22−636,240→ 0 total(indirect: Held through Novator Capital Sponsor Ltd.) - Purchase
Class A Common Stock
2023-08-22+1,700,000→ 5,808,186 total(indirect: Held through Novator Capital Sponsor Ltd.) - Conversion
Class B Ordinary Shares
2023-08-22−3,471,946→ 0 total(indirect: Held through Novator Capital Sponsor Ltd.)→ Class A Common Stock (3,471,946 underlying)
Footnotes (6)
- [F1]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").
- [F2]The Reporting Person may be deemed to beneficially own securities held by Novator Capital Sponsor Ltd. (the "Sponsor") by virtue of his control over the Sponsor.
- [F3]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.
- [F4]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 Sponsor, the Sponsor subscribed for 1,700,000 shares of the Issuer's Class A common stock at a price of $10.00 per share.
- [F5]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 Sponsor, $100,000,000 worth of subordinated 0% bridge promissory notes held by the Sponsor converted into 40,000,000 shares of the Issuer's Class A common stock.
- [F6]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.
Documents
Issuer
Better Home & Finance Holding Co
CIK 0001835856
Entity typeother
Related Parties
1- filerCIK 0001842767
Filing Metadata
- Form type
- 4
- Filed
- Aug 23, 8:00 PM ET
- Accepted
- Aug 24, 9:42 PM ET
- Size
- 29.3 KB