What Happened to Better Home & Finance Holding Co?

Better went public in August 2023 through a merger with Aurora Technology Acquisition Corp, but the deal was widely regarded as disastrous. Originally announced at a $7.7 billion valuation in 2021, the merger was repeatedly delayed as mortgage rates surged and the housing market cooled. CEO Vishal Garg became infamous for laying off 900 employees via Zoom. By the time the deal closed, Better had conducted a 1-for-50 reverse stock split and was valued at a fraction of its original SPAC deal.