Better Home & Finance Announces Update on Consent Solicitation
Key Highlights
- ➤Special Committee withdraws challenge to independent inspector’s preliminary solicitation report
- ➤Decision cites costs and uncertainty of a prolonged contest
- ➤Vishal Garg and other participants initiated the consent solicitation
- ➤Better has funded more than $110 billion in loan volume
Better Home & Finance Announces Update on Consent Solicitation
Better Home & Finance Holding Company (NASDAQ: BETR) (“Better” or the “Company”) today shared an update on the consent solicitation initiated by Vishal Garg and the other participants in the solicitation. The Special Committee (the “Special Committee”) of the Board of Directors (the “Board”) of the Company has withdrawn its challenge to the preliminary report of the independent inspector of elections regarding the consent solicitation initiated by Mr. Garg. The Special Committee determined that this decision is in the best interests of the Company and all of its stockholders, in consideration of the costs and uncertainty of a prolonged contest.
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