Investors might assume that a high-growth stock with a big valuation and iconoclast CEO is a risky proposition. That might not be the case. Read More...
TechCrunch
Better.com gets $750M cash infusion in new agreement with its SPAC backers
Digital mortgage lender Better.com, which announced in May that it was going public via a SPAC, is getting a cash infusion from its backers sooner than expected. Blank-check company Aurora Acquisition Corp. and SoftBank have decided to amend the terms of their financing agreement to provide Better with half of the $1.5 billion they committed immediately instead of waiting till the deal closes. Specifically, according to an email from Better CFO Kevin Ryan to the company and obtained by TechCrunch, Better.com will have $1 billion on its balance sheet by week’s end.
