• Better’s board special committee rejected former CEO Vishal Garg’s proposed turnaround plan as late, unworkable, lacking operational foundation.
• Statement cited a pattern of missed targets under Garg, including a pledge for $1 billion monthly loan volume by May 2026.
• Committee said Better withdrew guidance for positive adjusted EBITDA by September; leadership change followed discussions about continued underperformance.
• Board disputed Garg’s claims of voting control, accusing him of false statements, confidential disclosures, threats, proxy fight tactics.
• Committee urged shareholders to revoke any support for Garg’s slate, warning a proposed UK bank sale would face lengthy regulatory approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Better Home & Finance Holding Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20260903022397) on September 03, 2026, and is solely responsible for the information contained therein.