SPACInsider Logo
Aurora Acquisition Corp. (AURC) Postpones Extension Vote
by Marlena Haddad on 2023-02-23 at 10:33am

Aurora Acquisition Corp. (NASDAQ: AURC) announced this morning that it is pushing back tomorrow’s special meeting from 9 a.m. to 5:30 p.m.

As a result of the postponement, the redemption deadline was also extended from 5:00 p.m. on February 22 to 4:00 p.m. on February 24.

The SPAC is currently facing a completion deadline of March 8 for its $6.7 billion deal with proptech firm Better, but is hoping to gain shareholder approval to extend its timeline by 6 months until September 30.

Aurora initially announced its business combination 21 months ago in May 2021, the oldest announced SPAC deal yet to complete, and has tweaked the deal a number of times since then. The revisions have included a replacement of equity financing with convertible notes, an extension of the deal’s outside date to March 8, 2023, and an agreement pursuant to which Better must cover up to $15 million in expenses for Aurora.

New York City-based Better provides a slate of homebuying services connecting consumers with lenders, insurers and realtors.


Recent Posts
by Marlena Haddad on 2023-03-31 at 5:15pm

Hudson Acquisition I Corp. (NASDAQ:HUDA) announced that it has signed a non-binding letter of intent (LOI) to combine with a pre-clinical-stage biotechnology company. The SPAC did not provide many details on the unnamed target, but disclosed that the biotech company is focused on developing intranasal preventives for major disease-causing respiratory viruses. As a condition to the target...

by Nicholas Alan Clayton on 2023-03-31 at 1:25pm

Heading into April, SPACs are to see eight sponsors and 11 de-SPAC’d companies freed from lock-ups and ready to trade. Most of these lock-up expirations are loaded into the final week of the month, but those hitting this milestone already next week include some of the more interesting transactions of the crop. In particular, MoonLake...

by Marlena Haddad on 2023-03-31 at 11:39am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News:  Shares of Digital World jump after Trump’s indictment, and pair of Delaware Chancery court decisions deny motions to dismiss SPAC shareholder’s fiduciary breach claims Trump-Tied SPAC’s Shares Jump After Historic New York Charge The...

by Kristi Marvin on 2023-03-30 at 7:37pm

Ares Acquisition Corporation II (NYSE:AACT) filed its S-1 yesterday afternoon for a $400 million IPO, marking the second SPAC to file for an IPO in March and the largest since December 20, 2021, when Gores Holdings X Inc. filed for a $725 million SPAC. Ares II intends to focus its search on an established target...

by Marlena Haddad on 2023-03-30 at 5:39pm

Latest SPAC Liquidations: TCV Acquisition Corp. TCV Acquisition Corp. (TCVA) to Liquidate on April 13 TCV Acquisition Corp. (Nasdaq: TCVA) announced that it intends to dissolve and liquidate. It will redeem all of the outstanding Class A ordinary shares that were included in its initial public offering at a per-share redemption price of approximately $10.24. As...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved