Independent Inspector Preliminarily Confirms Garg Group Has Over 52% of Votes to Remove Five Better Directors

Business Wire··US·Read original
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Summary · why it matters

An independent election inspector hired by Better Home & Finance Corporation has preliminarily verified that the Garg Group secured more than 52% of votes needed to remove five incumbent directors, including Daniel Lewis and Harit Talwar, from the board of the Nasdaq-listed company. First Coast Results Inc. provided the preliminary count, which remains subject to review by the Company, and the Garg Group said it is confident the inspector will promptly certify the consent solicitation results. The Garg Group said it is working with the board on an orderly handover and, following a board call this morning at 8:30 am, expects the five directors to accept their removal today. Founder Vishal Garg said the inspector has confirmed the voice of BETR shareholders and that he is eager to move forward with Better 2.0. Garg also said that he and the Company's CFO blocked an attempt by Lewis, with the complicity of one board member, to forcibly pay himself $750,000.

Impact on assets 2

Financials▲ · 1 stocks
Better Home & Finance Holding Company
BETR
± MixedRegulationrelevance

Independent inspector preliminarily confirms Garg Group has over 52% of votes to remove five Better directors, a governance/board-control change.

Others▲ · 1 stocks

Off-coverage companies 1

First Coast Results Inc.Private▲ Positive
Demandrelevance

First Coast Results Inc. is the independent election inspector whose preliminary count confirmed the Garg Group's consent solicitation result.

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