Shares in Better Home & Finance Holding clawed back some lost ground in premarket trading on Friday, after the online mortgage lender plunged in a dismal debut a day earlier following a merger with a blank-check company.
Better planned to go public via a $6 billion special-purpose acquisition company merger with Aurora Acquisition Corp in 2021, but delayed the deal amid a U.S. Securities and Exchange Commission inquiry and multiple rounds of layoffs. "That could change and as rates come down, there could be some value here but for now it is probably a don't touch."
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