Novator Capital Sponsor Ltd. Amends Stake in Better Home & Finance

TL;DR

Novator Capital Sponsor Ltd. just changed its stake in Better Home & Finance Holding Co. - watch this space.

AI Summary

On November 21, 2024, Novator Capital Sponsor Ltd. filed an amendment to its Schedule 13D, reporting a change in beneficial ownership of Better Home & Finance Holding Company. The filing indicates a shift in control or significant stake, with Novator Capital Sponsor Ltd. now holding a substantial position in the company.

Why It Matters

This amendment signals a potential shift in the ownership structure and strategic direction of Better Home & Finance Holding Company, which could impact its stock performance and future operations.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility.

Key Numbers

• 20241121 — Filing Date (Date of the Schedule 13D/A amendment)

Key Players & Entities

• Novator Capital Sponsor Ltd. (company) — Filing entity
• Better Home & Finance Holding Company (company) — Subject company
• Thor Bjorgolfsson (person) — Group member
• LIVENANDRO HOLDINGS LTD (company) — Group member
• Aurora Acquisition Corp. (company) — Former company name
• Aurora Capital Holding Corp. (company) — Former company name

FAQ

Key Financial Figures

• $575.00 — e of Class A Common Stock at a price of $575.00 per share, subject to adjustment. The W
• $0.0001 — ares of Class A common stock, par value $0.0001 per share (the “ Class A Common S
• $0.07 — uer from NCSL at a price per Warrant of $0.07. On October 31, 2024, Livevandro purcha
• $15.58 — ssuer from NCSL at a price per share of $15.58. NCSL and Livenandro are each indirect

Filing Documents

• tm2429173d1_sc13da.htm (SC 13D/A) — 56KB
• tm2429173d1_ex11.htm (EX-11) — 5KB
• 0001104659-24-121626.txt ( ) — 63KB

Identity and Background

Item 2. Identity and Background

of the Original Schedule 13D is hereby

Item 2 of the Original Schedule 13D is hereby amended and restated as follows: (a) This statement is filed by (i) NCSL, (ii) Livenandro, and (iii) Thor Björgólfsson (collectively, the “ Reporting Persons ”). (b) The business address of the Reporting Persons is 20 North Audley Street, Mayfair, London, W1K 6LX. (c) NCSL is a Cyrprus limited liability company, wholly owned by BB Trustees SA, as trustee of the irrevocable discretionary trust known as The Future Holdings Trust for which BB Trustees SA acts as trustee; the directors of such trust are Alessandro Passardi, Jan Rottiers and Arnaud Cywie. Livenandro is a Cyprus limited company, indirectly 99.9% owned by the Future Holdings Trust. Thor Björgólfsson may have dispositive and voting control over those securities held by NCSL, NaMa and Livenandro as described herein. Mr. Björgólfsson disclaims beneficial ownership of the shares owned by each of NCSL, NaMa and Livenandro. (d) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) NCSL is a Cyprus limited liability company. Livenandro is a Cyprus limited company. Mr. Björgólfsson is a citizen of Iceland.

Source and Amount of Funds or Other

Item 3. Source and Amount of Funds or Other Consideration

of the Original Schedule 13D is hereby

Item 3 of the Original Schedule 13D is hereby amended and supplemented as follows: The information set forth in Item 4 hereof is hereby incorporated by reference into this Item 3, as applicable. The source of fund used by Livnendro to purchase the securities described herein was the working capital of Livenandro.

Purpose of Transaction

Item 4. Purpose of Transaction

of the Schedule 13D is hereby amended and supplemented to

Item 4 of the Schedule 13D is hereby amended and supplemented to include the following: Livenandro Purchase from NCSL On November 13, 2024, Livenendro purchased 45,800 Warrants of the Issuer from NCSL at a price per Warrant of $0.07. On October 31, 2024, Livevandro purchased 650,000 shares of Class A Common Stock of the Issuer from NCSL at a price per share of $15.58. NCSL and Livenandro are each indirectly 99.9% owned by BB Trustees SA, as trustee of the irrevocable discretionary trust known as The Future Holdings Trust. The purpose of the transfer and sale of the Warrants and shares of Class A Common Stock from NCSL to Livenandro was for internal structuring reasons and to facilitate the future raising of new capital for general group purposes.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. The response set forth in Item 5 of the Original Schedule 13D is hereby amended by deleting the previous response in its entirety and replacing it with the following: (a) – (b) The information contained in rows 7, 8, 9, 10, 11, and 13 on each of the cover pages of this Schedule 13D is incorporated by reference in its entirety into this Item 5. (c) Except for the transaction described in Item 4 of this Schedule 13D, the Reporting Persons have not engaged in any transaction during the past 60 days involving ordinary shares of the Issuer. (d) None. (e) NCSL ceased to be the beneficial holder more than five percent of the Issuer’s Class A Common Stock on October 31, 2024.

Material to be Filed as Exhibit

Item 7. Material to be Filed as Exhibit

of the Schedule 13D is hereby amended

Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit No. Description 11* Joint Filing Agreement by and among the Reporting Persons. * Filed herewith.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 21, 2024 Novator Capital Sponsor Ltd. By: /s/ Pericles Spyrou Name: Pericles Spyrou Title: Director Livenandro Holdings Limited By: /s/ Pericles Spyrou Name: Pericles Spyrou Title: Director /s/ Thor Björgólfsson Thor Björgólfsson

View Full Filing

View this SC 13D/A filing on SEC EDGAR