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Mortgage Startup Goes Public Via $7.7B SPAC Deal

Startup mortgage lender has revealed that it is going public through a merger with the special purpose acquisition corporation Aurora Acquisition Corp. So reports TechCrunch.

Better 100x100The deal with the blank-check firm, or so-called SPAC, values Better at $7.7 billion.

Better is backed by the Japanese conglomerate SoftBank, while Aurora is sponsored by the investment firm Novator Capital.

Read the full article from TechCrunch.

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