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Better.com’s SPAC merger will be delayed by changes it made a day before laying off 900 people on Zoom

The company will seek new regulatory approval after revising the terms of the merger with Aurora Acquisition Corp. That will push back the closing of the transaction, which the companies had previously announced was likely to happen in the fourth quarter.

Aurora and SoftBank said in the Nov. 30 statement that they are working towards completing the business combination ``in a timely manner.’’

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spac, proptech