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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 17, 2023
AURORA
ACQUISITION CORP.
(Exact name of registrant as specified in its
charter)
Cayman
Islands |
001-40143 |
98-1628701 |
(State or other jurisdiction |
(Commission |
(IRS Employer |
of incorporation) |
File Number) |
Identification No.) |
20
North Audley Street |
|
London
W1K 6LX |
|
United
Kingdom |
|
(Address of principal
executive offices) |
(Zip Code) |
+44
(0)20 3931 9785
(Registrant’s telephone number, including
area code)
Not applicable
(Former name or former address, if changed
since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
¨ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange
on which registered |
Units,
each consisting of one share of Class A ordinary share and one-quarter of one redeemable warrant |
|
AURCU |
|
The
Nasdaq Stock Market LLC |
Class
A ordinary share, par value $0.0001 per share |
|
AURC |
|
The
Nasdaq Stock Market LLC |
Redeemable
warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 |
|
AURCW |
|
The
Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
Explanatory Note
As
previously reported, Aurora Acquisition Corp., a Cayman Islands exempted company (“Aurora” or the “Company”),
entered into an Agreement and Plan of Merger, dated as of May 10, 2021, as amended as of October 27, 2021, November 9,
2021, November 30, 2021, August 26, 2022, February 24, 2023 and June 23, 2023 (as the same may be further amended,
the “Merger Agreement”) by and among Better HoldCo, Inc., a Delaware corporation (“Better”) and Aurora Merger
Sub I, Inc. a Delaware corporation and wholly owned subsidiary of Aurora. On August 11,
2023, Aurora held an extraordinary general meeting of its shareholders (the “Extraordinary General Meeting”) in lieu of the
2023 annual general meeting, at which Aurora’s shareholders approved certain proposals described in the definitive proxy statement/prospectus
of Aurora, which was filed with the Securities and Exchange Commission (the “SEC”) on July 24, 2023, including in relation
to the consummation of the transactions contemplated by the Merger Agreement. All capitalized terms used but not defined herein shall
have the meanings set forth in the definitive proxy statement/prospectus.
The
anticipated closing date of the Business Combination is on or about August 22, 2023,
with the securities of the combined company after the consummation of the Business Combination (“Better
Home & Finance”) expected to commence trading on the Nasdaq Capital Market on or about August 23, 2023.
Better Home & Finance Board
of Directors and Board Committees
Pursuant
to the approval of Aurora shareholders at the Extraordinary General Meeting, the following persons will constitute the board
of directors (the “Board”) of Better Home & Finance effective upon the Closing: Harit Talwar (chair), Vishal
Garg, Arnaud Massenet, Prabhu Narasimhan, Michael Farello, Steve Sarracino and Riaz Valani. Each of Thor Björgólfsson,
Shravin Mittal, Sangeeta Desai and Michael Edelstein are expected to resign as directors of the Company effective as of the
Closing.
Nasdaq
listing standards require that a majority of the Board be independent. An “independent director” is defined generally
as a person other than an officer or employee of the company or any other individual having a relationship which, in the opinion of the
company’s board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of
a director. We expect the Board to determine that Messrs. Harit Talwar, Michael Farello, Steve Sarracino and Riaz Valani are “independent
directors” as defined in the Nasdaq listing standards and applicable SEC rules. Better Home & Finance’s independent
directors will have regularly scheduled meetings at which only independent directors are present.
Effective
as of the Closing, the standing committees of the Board will consist of an audit committee (the “Audit Committee”), a
compensation committee (the “Compensation Committee”) and a corporate governance and nominations committee (the
“Nominating Committee”). Each of the committees will report to the Board.
Effective
as of the Closing, we expect the Board to appoint:
| · | Messrs. Talwar, Farello and Sarracino to serve on the Audit Committee, with Mr. Sarracino as chair and qualifying as an
audit committee financial expert, as such term is defined in Item 407(d)(5) of Regulation S-K; |
| · | Messrs. Farello, Sarracino, Talwar and Valani to serve on the Compensation Committee, with Mr. Valani as chair; and |
| · | Messrs. Valani, Sarracino and Talwar to serve on the Nominating Committee, with Mr. Talwar as chair. |
Forward Looking Statements
This
Current Report on Form 8-K includes “forward-looking statements” for the purposes of federal securities laws. Such forward-looking
statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those
expected and projected. All statements other than statements of historical fact included in this Form 8-K including, without limitation,
statements regarding the anticipated closing of the Business Combination, are forward-looking statements. Words such as “expect,”
“believe,” “anticipate,” “intend,” “estimate,” “seek” and variations and similar
words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events
or future performance, but reflect management’s current beliefs, based on information currently available.
There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements
involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or
performance to be materially different from those expressed or implied by these forward-looking statements, including, but not limited
to: (a) our ability to complete our initial business combination with Better, or any other initial business combination; (b) our
ability to obtain additional financing to complete our initial business combination; and (c) the liquidity and trading of our securities.
For more information identifying important factors that could cause actual results to differ materially from those anticipated in the
forward-looking statements, please refer to the Risk Factors section of the Company’s Annual Report on Form 10-K for the year
ended December 31, 2022, filed with the SEC on April 17, 2023, the Company’s Registration Statement on Form S-4,
which includes the proxy statement/prospectus, filed with the SEC on July 27, 2023 and other documents filed with the SEC. The Company’s
securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable
securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result
of new information, future events or otherwise.
No Offer
This Current Report on Form 8-K shall not
constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states
or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10
of the Securities Act of 1933, and otherwise in accordance with applicable law.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Aurora Acquisition Corp. |
|
|
|
|
By: |
/s/Arnaud Massenet |
|
Name: |
Arnaud Massenet |
|
Title: |
Chief Executive Officer |
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Grafico Azioni Aurora Acquisition (NASDAQ:AURCU)
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Da Ago 2024 a Set 2024
Grafico Azioni Aurora Acquisition (NASDAQ:AURCU)
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Da Set 2023 a Set 2024