BETR - Leadership updates

Candidates Include Seasoned Consumer, Technology and Product Executives and Investors, Two of Whom Are Significant Better Shareholders Believes Reconstituted Board and Restored Leadership Will Pave the Way for Shareholder Value Creation Urges Shareholders to Vote on the GREEN CONSENT CARD to Support the Garg Group’s Proposals to Remove Directors Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon and Prabhu Narasimhan from the Board Vishal Garg, founder and former CEO of Better Home & Finance Corporation ("Better" or the "Company") (NASDAQ:BETR) and significant shareholder, today announced a slate of three highly experienced, independent director candidates whom he has recruite

Report Highlights TSR Outperformance Over 2-Year Period and Mr. Garg's "Superior Ability" to Execute the Company's Strategy as Its Architect Concludes the Timing and Stated Rationale for Mr. Garg's Termination Raise "Serious Questions" the Board Has Not Adequately Answered Urges Shareholders to Vote on the GREEN Consent Card to Support the Garg Group’s Proposals to Remove Directors Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon, and Prabhu Narasimhan from the Board Vishal Garg, founder and former CEO of Better Home & Finance Corporation ("Better" or the "Company") (NASDAQ:BETR) and significant stockholder, today announced that leading independent proxy advisory firm, Egan-

Highlights Glass Lewis Findings Align With A Number of Garg Group's Arguments and Determines That Better’s "Governance Record Provides Legitimate Grounds for Criticism of the Incumbent Board" Urges Shareholders to Vote on the GREEN Consent Card to Support the Garg Group’s Proposals to Remove Directors Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon, and Prabhu Narasimhan from the Board NEW YORK, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Vishal Garg, founder and former CEO of Better Home & Finance Corporation ("Better" or the "Company") (NASDAQ:BETR) and significant stockholder, today commented on a report published by Glass, Lewis & Co. ("Glass Lewis") in connection with the ongoing

Daniel Lewis, Interim Chief Executive Officer of Better Home & Finance Holding Company (NASDAQ:BETR) ("Better" or the "Company"), issued the following letter to shareholders of Better on September 6, 2026: Dear Fellow Better Shareholders: We are now in the solicitation period that will determine who controls the Board and, ultimately, the future of Better. Having reviewed our sequential decline in third-quarter revenue, repeated failures to achieve prior targets and the lack of strategic discipline that preceded them, I hope shareholders understand why the Board believed the need for a leadership change was urgent. I had the opportunity to work alongside Vishal Garg when he was CEO

Sends Letter to Shareholders Encouraging Them to Disregard Any Green Consent Cards from Mr. Garg The Special Committee of the Board of Directors (the "Special Committee") of Better Home & Finance Holding Company (NASDAQ:BETR) ("Better" or the "Company") today sent a letter to shareholders. The letter contains Better’s response to the consent solicitation initiated by the Company’s former CEO, Vishal Garg, and his self-serving campaign to remove five members of the Board of Directors, replace them with his hand-picked candidates and return himself to a leadership role at the Company. The full text of the letter follows: August 28, 2026 Dear Fellow Better Shareholder, We are writi

Significant operational progress is being made under new leadership, reinforcing the Board’s decision to move past the founder-led era Better Home & Finance Holding Company (NASDAQ:BETR) ("Better" or the "Company") today announced that the Special Committee of the Board of Directors (the "Special Committee") provided an update on the Company’s leadership and operating progress. The Special Committee said: "The decision to appoint Daniel Lewis as Interim Chief Executive Officer, transition away from founder-led executive leadership and conduct a search for a permanent CEO was supported by every director other than Better’s founder and former CEO, Vishal Garg. It reflected the Board’s col

Seeks Injunctive Relief Ordering Garg to Correct His False and Misleading Disclosures and Cease His Improper and Illegal Solicitation Better Home & Finance Holding Company (NASDAQ:BETR) ("Better" or the "Company") today announced that it has filed a complaint (the "Complaint") in the United States District Court for the Southern District of New York against Vishal Garg, the Company’s former Chief Executive Officer ("CEO"). The independent directors of Better and Mr. Garg mutually agreed that Mr. Garg would step down and transition out of his role as part of a planned leadership transition, believing that the Company was in need of new leadership. Mr. Garg has subsequently changed his po

Notes that Garg Has Failed to Garner Sufficient Support from Public Shareholders to Remove Directors Believes Garg’s Actions Are Harming the Company, Its Employees and Business Prospects Better Home & Finance Holding Company (NASDAQ:BETR) ("Better" or the "Company") today called upon its former Chief Executive Officer Vishal Garg to end his disruptive campaign to regain his CEO position and replace a majority of the Board of Directors (the "Board"). The Company issued the following statement: Two weeks ago, with Vishal Garg not participating in the decision, the Board unanimously voted to remove Mr. Garg as CEO and begin a search for a new leader to guide the next phase of the Company

Notes that Better’s Corporate Documents – Approved by Garg Himself – Provide a Method for Shareholders to Act, Which Garg is Refusing to Follow Board Has Acted and Will Act in Shareholders’ Best Interests Board Encourages Shareholders to Be Informed About Garg’s Value-Destructive Track Record Better Home & Finance Holding Company (NASDAQ:BETR) ("Better" or the "Company") today issued the following statement regarding the efforts by its former Chief Executive Officer and current director, Vishal Garg, to gain control of the Company after years of value destructive leadership: The Board of Directors (the "Board"), excluding Mr. Garg, unanimously voted to terminate Mr. Garg as Chief Ex

Better Reports Second Quarter 2026 Results, Provides Guidance for Q3 and an Update on Strategic Direction   In Q2 2026, Loan Volume grew 38% year over year to $1.67 billion, exceeding the mid-point of previously-issued guidance. Total Net Revenues grew 28% year over year to $54.7 million. Platform Loan Volume reached $912 million in Q2 2026, representing 55% of Loan Volume. Net loss of $30.6 million, compared to a loss of $36.3 million in Q2 2025. Adjusted EBITDA loss of $14.0 million, compared to a loss of $22.9 million in Q2 2025, includes $6.5 million benefit from a TRID reserve release related to loans originated prior to June 2022. Board member Daniel Lewis appointed

Veteran investor and housing finance leader brings deep capital markets and mortgage experience to support Better's next phase of AI-driven growth through Tinman® AI Platform Better Home & Finance Holding Company (NASDAQ:BETR) ("Better," the "Company," "we" or "our"), the leading AI-powered homeownership company, today announced that Hugh Frater, a founding partner and former managing director of BlackRock and former CEO of Fannie Mae, has been appointed to its Board of Directors, effective March 23, 2026. Frater brings decades of experience across capital markets, housing finance, and corporate leadership to help guide Better's long-term strategy as it scales the Tinman AI Platform. "H

Better Home & Finance Holding Company (NASDAQ:BETR, BETRW)) ("Better" or the "Company"), the leading AI-native home finance company and the first fintech to fund more than $110 billion in loan volume, welcomes Loveen Advani as Better's Chief Financial Officer, effective today. "Loveen is a seasoned strategic and operational finance leader with a strong track record of guiding companies through growth and transformation," said Vishal Garg, CEO and Founder of Better. "He has repeatedly demonstrated the ability to align strategy, capital allocation, and execution. His experience and leadership style will be instrumental as we execute our strategic priorities in our next chapter of anticipate

Better Home & Finance Holding Company (NASDAQ:BETR, BETRW)) ("Better" or the "Company") announced the appointment of Barry Feierstein as Better's Chief Operating Officer (COO). Mr. Feierstein will oversee Better's core Corporate Operations to help drive alignment and efficiency across the organization. "We're thrilled to have Barry on board as Better's new COO. His background brings a rare combination of entrepreneurial spirit and operational discipline that will strengthen Better's leadership team as we scale the company in 2026," said Vishal Garg, CEO and Founder of Better. "During this pivotal moment of growth, Barry will play a critical role in driving the execution of our strategic bu

Appointment reflects NEO's next phase of national expansion, connecting Better's technology platform with NEO's advisor-led model NEO Home Loans powered by Better (NASDAQ:BETR), has appointed Bri Lees as Head of Marketing, advancing the company's next phase of growth and deepening the connection between its advisor-led model and Better's digital platform. Lees will lead NEO's brand, communications, and marketing growth strategy—building the systems that connect how the company operates, shows up, and scales. Her focus is ensuring that the story and experience of working with NEO reflect the excellence of the advisors who represent it. A recognized voice in modern mortgage marketing, L

Respected industry leader, Juergens, leaves Guaranteed Rate for NEO to align with future-forward leadership and culture. NEO Home Loans powered by Better, a mortgage lender combining elite loan advisors with industry-leading technology to redefine the home financing experience, proudly announces the addition of Jim Juergens as Branch Leader, Distributed Retail. With nearly two decades of lending expertise, closing $43 million in production, and 91 closed loans last year, Juergens brings both high performance and a leadership philosophy deeply aligned with NEO's mission: helping clients build wealth, not just secure loans. Juergens' decision to join NEO Home Loans powered by Better ste

Industry veterans make rare move from loanDepot to NEO, aligning with a tech-forward, advisor-centric model built for long-term growth NEO Home Loans powered by Better, a mortgage lender combining elite loan advisors with industry-leading technology to redefine the home financing experience, proudly announces the addition of the Gustafson Team, a top-producing group that funded over $110 million in volume across 303 loans in 2024. Backed by nearly 30 years of mortgage experience, the high-performing team brings deep industry expertise and a long-standing track record of success to NEO's next-generation model. After spending the last 15 years at loanDepot, the Gustafson Team made the dec

Better Home & Finance Holding Company (NASDAQ:BETR) ("Better.com"), the AI-powered digital homeownership company, announced it has hired Leah Price to lead the Tinman™ AI Platform as it offers its technology platform and software to lenders across the country. Tinman® is an AI-driven automated rules-based decision engine and software platform that removes bottlenecks from the traditional home transaction process. The platform connects, automates, and optimizes mortgage origination and homeownership services to deliver an end-to-end solution for customers. This software platform and engine enables a range of loan and financial services, combining a point-of-sale system, CRM system, pricing

Retiring approximately $530 million of convertible notes through restructuring of existing convertible notes in exchange for $110 million of cash and $155 million of new debt Expected creation of approximately $265 million of pre-tax equity, excluding discounts on the debt Better has signed a new indenture for $155 million in new notes maturing December 31, 2028, with a 6% PIK annual interest rate Strategic rationale for transaction includes reducing debt overhang of the Company and improving balance sheet positioning and strategic optionality Management remains focused on driving towards profitability in the midterm. Continue leaning into Tinman™ technology and AI, with Betsy™ AI