In connection with the vote to approve the Extension Proposal, the holders of 25,751,449 Class A ordinary shares properly exercised their right to redeem their shares for cash at a redemption price of $10.2178 per share<\/strong>, for an aggregate redemption amount of approximately $263,123,592. As such, approximately 92.6% of the Class A ordinary shares were redeemed<\/strong> and approximately 7.4% of the Class A ordinary shares remain outstanding. After the satisfaction of such redemptions, the balance in Aurora\u2019s trust account will be approximately $20,931,627.<\/strong><\/p>\n<\/blockquote>\n

Per the company\u2019s original deal presentation, its tie-up Aurora Acquisition would provide around $278 million to the combined company, which the deck noted \u201cassumes Sponsor backstop of 100% of the shares redeemed by existing AURC shareholders pre-closing.\u201d<\/p>\n

As Better.com ran headfirst into a climate of higher interest rates and operational issues \u2014 its layoffs are now legendary for their callousness and blowback \u2014 it did manage to secure a portion of the other capital that was earmarked for the deal. That $750 million infusion, half of a planned $1.5 billion PIPE, or private investment into public equity, provided Better.com with a stronger balance sheet. That said, November 2021 is far in the past.<\/p>\n<\/div>\n

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