Replies to post #45694 on Aurora Acquisition Corp (AURC)

[investor99]

I agree, this is very encouraging that they are continuing with the business and were able to secure non-dilutive financing, on top of the $50 million they received a while back. In terms of the buyout price, I'm not sure how $10 million more in a loan will boost the buyout price that much. Can someone explain? The $10 million is not theirs. It's a loan, so not sure how that would factor in in terms of assets for purchase.

However, I do like the fact that a firm is willing to lend them $10 million. Adds a lot more credibility to the company in my opinion. Still holding and hoping. GLTA.