Better HoldCo, a mortgage and real estate startup backed by SoftBank Group Corp, is pushing back its public listing through a merger with a blank-check firm, according to people with knowledge of the matter, after amending the deal a day before it terminated 9 percent of its workforce, The Business Times reports.
The company will seek new regulatory approval after revising the terms of the merger with Aurora Acquisition, said one of the people, who asked not to be identified discussing private information. That will push back the closing of the transaction, which the companies had previously announced was likely to happen in the fourth quarter.
Better offers mortgage, real estate and homeowners’ insurance products online and eliminates origination fees and commissions. Read more.
