The Special Committee of the Board of Directors of Better Home & Finance Holding Company said former CEO Vishal Garg has not obtained consents from anywhere near the 46% of the Company's voting power he now claims in his campaign to remove board members. The committee said most of Garg's claimed support comes from his own super-voting shares and those of a small number of long-time allies, and it noted that just weeks ago Garg claimed to have more than 50% of the vote, a claim that proved false. The committee said the Company did provide Garg's counsel with three separate share ownership lists, every list he asked for, and that Garg's own legal counsel neglected to share those lists with him or his proxy solicitor. The Special Committee unanimously recommends that shareholders sign, date and return the WHITE consent revocation card and disregard any green consent card received from Garg, and that shareholders who previously signed a green card may revoke that consent by returning the WHITE card.
Better Home & Finance Holding CompanyBoard special committee rejects former CEO Garg's consent claims and urges shareholders to revoke green consent cards, escalating a governance/proxy fight.
