Historic Win for Better Home & Finance Shareholders as Garg Group Secures Majority Vote to Retake Control of Company
Business Wire•30/09/2026•09:55 ET
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Key Highlights
- ➤Garg Group secures over 51% of voting shares in Better Home & Finance (BETR)
- ➤90-day plan targets annual cost savings of $60 million, up from $45 million
- ➤Tinman AI and HELOC expansion target $2 billion in quarterly combined volume
- ➤Garg Group plans $30 million stock buyback after asset sales and efficiency gains
- ➤Plan calls for removing five directors and appointing Bing Gordon and Steve Sarracino
Expert Statements
Vishal Garg, Founder of Better Home & Finance
“This is a resounding victory for Better’s shareholders, customers and employees, who all participated in organizing the resistance to the coup led by Daniel Lewis and the incumbent board. Now we get back to the work of driving Better to a new chapter of profitable growth building on the progress we have made in the past two years in establishing Tinman AI, the best platform in the mortgage industry.”
Alex Spiro, Partner at Quinn Emanuel Urquhart & Sullivan
“This historic victory serves the best interests of every Better shareholder.”
Alex Spiro, Partner at Quinn Emanuel Urquhart & Sullivan
“No public CEO has ever been pushed out, litigated the issue, and won his way back in two months. Vishal Garg has been vindicated.”
Historic Win for Better Home & Finance Shareholders as Garg Group Secures Majority Vote to Retake Control of Company
Leadership Group Led by Founder and Former CEO Vishal Garg Announces and Prepares to Launch Detailed 90-Day Turnaround Plan Which Includes Removal of Current Board
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