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Online mortgage lender Better sees stock implode after SPAC merger

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Shares of mortgage lender Better Home & Finance Holding Co. fell flat in the company’s public debut, falling 93% in morning action Thursday on their first...

Shares of mortgage lender Better Home & Finance Holding Co.

fell flat in the company’s public debut, falling 93% in morning action Thursday on their first day of trading since the completion of Better’s merger with a special-purpose acquisition company. The company announced Wednesday that its previously disclosed merger with Aurora Acquisition Corp. had been completed. The combination afforded Better access to $565 million in new capital.

 

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