Better Home & Finance Holding Co. 13D/A Filing

TL;DR

Valani Riaz filed a 13D/A for Better Home & Finance Holding Co. - ownership update.

AI Summary

Valani Riaz, through 1/0 Mortgage Investment LLC, has amended their Schedule 13D filing for Better Home & Finance Holding Co. as of August 30, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. The company, formerly Aurora Acquisition Corp., operates in the loan brokerage sector.

Why It Matters

This filing signals a potential shift in control or significant stake changes for Better Home & Finance Holding Co., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or indicate substantial investor interest, which can introduce volatility.

Key Players & Entities

• Valani Riaz (person) — Filing person
• 1/0 Mortgage Investment LLC (company) — Filing entity
• Better Home & Finance Holding Co (company) — Subject company
• Aurora Acquisition Corp. (company) — Former company name
• August 30, 2024 (date) — Date of event requiring filing

FAQ

Key Financial Figures

• $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti
• $16.12 — Name of Entity 08/29/2024 20,496 $16.12 1/0 Mortgage Investment, LLC 08/29/20
• $16.41 — age Investment, LLC 08/29/2024 1,500 $16.41 1/0 Mortgage Investment, LLC 08/30/20
• $15.97 — ge Investment, LLC 08/30/2024 46,092 $15.97 1/0 Mortgage Investment, LLC The abov

Filing Documents

• sc13da3.htm (SC 13D/A) — 33KB
• 0001341004-24-000143.txt ( ) — 34KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration. The information in Item 5 of this Amendment No. 3 is incorporated herein by reference.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. Items 5(a)-(c) of the Schedule 13D are hereby amended and restated as follows: (a) The number of shares of Class A Common Stock beneficially owned by the Reporting Person, including the number of shares over which the Reporting Person has sole or shared dispositive or voting power, is set forth on the cover page of this Schedule 13D and is incorporated by reference herein. As of August 30, 2024, Mr. Valani is deemed to beneficially own 437,651 shares of Class A Common Stock consisting of: (i) 237,438 shares of Class A Common Stock held directly by 1/0 Mortgage Investment, LLC, (ii) 17,595 shares of Class B Common Stock held directly by the Green Trust, which are convertible into shares of Class A Common Stock on a one-for-one basis, and (iii) 182,618 shares of Class B Common Stock held directly by a member of Mr. Valani's immediate family, which are convertible into shares of Class A Common Stock on a one-for-one basis. Mr. Valani (x) is the manager of 1/0 Services LLC, which in turn is the manager of 1/0 Mortgage Investment, LLC, and (y) may be deemed to have investment and voting power over the Issuer securities directly held by the Green Trust and a member of Mr. Valani's immediate family as described herein. Therefore, Mr. Valani may be deemed to beneficially own the securities described in (i) through (iii) above, representing approximately 5.0% of the shares of Class A Common Stock outstanding. The beneficial ownership percentages of the Class A Common Stock reported herein were based on 8,497,010 shares of Class A Common Stock outstanding as of August 19, 2024, based on information disclosed in the Current Report on Form 8-K filed by the Issuer on August 19, 2024, and the number of shares of Class A Common Stock issuable upon conversion of any Class B Common Stock beneficially owned by the Reporting Person. (c) Except as set forth herein or on Schedule A attached hereto, the Reporting Person did not effect a

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