Aurora
announcedU=S+W/3W=S@11.50
BETR
Capital Structure & Economics
Trust Size$21,400,000
Unit Price$10.00
Warrant Coverage1/3
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
33% Warrant Inclusion| Public Trust Allocation | $21,400,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedFeb 12, 2021
SearchingTarget Pending
Maturation Wall
N/A
Announced Target / M&A
- Target CompanyBetter
- SectorHomeownership
- Announced Deal Size$6,900,000,000
Board & Officers
- Vishal GargCEO
- Novator Partners LLPOfficer
- Director
Advanced Structuring Terms
| Target Sectors | Homeownership |
Syndicate & Advisors
- LEAD
- AUDITOR
- REPRESENTATIVE UNDERWRITER
- REPRESENTATIVE UNDERWRITER
- TRANSFER AGENT
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.