Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On April 24, 2023, Aurora Acquisition Corp. (the "Company") received a letter
(the "Notice") from the Listing Qualifications department of The Nasdaq Stock
Market LLC ("Nasdaq") notifying the Company that the Company no longer meets the
minimum 500,000 publicly held shares required for continued listing on The
Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(4) (the "Public
Float Standard"). The Notice states that the Company has until June 8, 2023 to
provide Nasdaq with a specific plan to achieve and sustain compliance with all
The Nasdaq Capital Market listing requirements, including the time frame for
completion of this plan.
The Notice is only a notification of deficiency, not of imminent delisting, and
has no immediate effect on the listing or trading of the Company's securities on
The Nasdaq Capital Market.
The Company intends to provide Nasdaq with the Company's plan to meet the Public
Float Standard within the required timeframe and will evaluate available options
to regain compliance with the Nasdaq continued listing standards, including
potential arrangements to be made in connection with the Company's definitive
merger agreement (as amended) with Better Holdco, Inc. and Aurora Merger Sub
I, Inc., originally announced by the Company on May 11, 2021. If Nasdaq does not
accept the Company's plan, the Company will have the opportunity to appeal the
decision in front of a Nasdaq Hearings Panel.
The Company, by filing this Current Report Form 8-K, discloses its receipt of
the Notice in accordance with Nasdaq Listing Rule 5810(b).
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