Novator Capital & Bjorgolfsson Amend Better Home & Finance Stake
Ticker: BETRW · Form: SC 13D/A · Filed: Dec 2, 2024 · CIK: 1835856
| Field | Detail |
|---|---|
| Company | Better Home & Finance Holding CO (BETRW) |
| Form Type | SC 13D/A |
| Filed Date | Dec 2, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 8 min |
| Key Dollar Amounts | $575.00, $0.0001, $13.02 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, amendment, shareholder-activity
TL;DR
Novator & Bjorgolfsson updated their stake in Better Home & Finance. Watch for more details.
AI Summary
Novator Capital Sponsor Ltd. and Thor Bjorgolfsson, through Livenandro Holdings Ltd., have amended their Schedule 13D filing regarding Better Home & Finance Holding Co. The filing, dated December 2, 2024, indicates a change in their beneficial ownership, though specific new percentages or dollar amounts are not detailed in this excerpt. The filing relates to the Class A Common Stock of Better Home & Finance Holding Co.
Why It Matters
This amendment signals potential shifts in significant shareholder positions, which could influence market perception and trading activity for Better Home & Finance Holding Co.
Risk Assessment
Risk Level: medium — Amendments to 13D filings can indicate strategic changes by major shareholders, potentially impacting the stock's volatility.
Key Numbers
- 20241202 — Filing Date (Date of the Schedule 13D/A amendment)
Key Players & Entities
- Novator Capital Sponsor Ltd. (company) — Filing entity
- Thor Bjorgolfsson (person) — Beneficial owner
- Livenandro Holdings Ltd. (company) — Affiliated entity
- Better Home & Finance Holding Co (company) — Subject company
- Aurora Acquisition Corp. (company) — Former company name
- Aurora Capital Holding Corp. (company) — Former company name
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
This excerpt does not provide specific new percentages or dollar amounts of beneficial ownership changes, only that an amendment has been filed.
Who are the primary filers of this Schedule 13D/A?
The primary filers are Novator Capital Sponsor Ltd. and Thor Bjorgolfsson, acting through Livenandro Holdings Ltd.
What is the CUSIP number for Better Home & Finance Holding Co. Class A Common Stock?
The CUSIP number is 08774B102.
What was the previous name of Better Home & Finance Holding Co.?
The company was formerly known as Aurora Acquisition Corp. and Aurora Capital Holding Corp.
Where is the principal executive office of Better Home & Finance Holding Co. located?
The principal executive office is located at 3 World Trade Center, 175 Greenwich Street, 57th Floor, New York, NY 10007.
Filing Stats: 1,930 words · 8 min read · ~6 pages · Grade level 13.5 · Accepted 2024-12-02 06:01:04
Key Financial Figures
- $575.00 — e Warrants is exercisable 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
- $13.02 — from Livenandro at a price per share of $13.02. NCSL and Livenandro are each indirect
Filing Documents
- tm2429691d1_sc13da.htm (SC 13D/A) — 50KB
- 0001104659-24-124228.txt ( ) — 52KB
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 funds use by Livenandro to purchase the securities described herein was the working capital of NCSL.
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: NCSL Purchase from Livenandro On November 26, 2024, NCSL repurchased 200,000 shares of Class A Common Stock of the Issuer from Livenandro at a price per share of $13.02. 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 Livenandro to NCSL was for internal structuring reasons and to facilitate the potential resale of shares of Class A Common Stock by NCSL which, as previously disclosed, the Reporting Persons may undertake depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Class A Common Stock, conditions in the securities markets and general economic and industry conditions.
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) Not applicable.
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: December 2, 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