{"id":1005658,"date":"2026-09-24T08:31:19","date_gmt":"2026-09-24T12:31:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/garg-group-demands-better-home-finance-correct-materially-misleading-statements-about-the-current-level-of-support-for-the-removal-of-five-sitting-board-members\/"},"modified":"2026-09-24T08:31:19","modified_gmt":"2026-09-24T12:31:19","slug":"garg-group-demands-better-home-finance-correct-materially-misleading-statements-about-the-current-level-of-support-for-the-removal-of-five-sitting-board-members","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/garg-group-demands-better-home-finance-correct-materially-misleading-statements-about-the-current-level-of-support-for-the-removal-of-five-sitting-board-members\/","title":{"rendered":"Garg Group Demands Better Home & Finance Correct Materially Misleading Statements About the Current Level of Support for the Removal of Five Sitting Board Members"},"content":{"rendered":"

<\/p>\n

Garg Group Demands Better Home & Finance Correct Materially Misleading Statements About the Current Level of Support for the Removal of Five Sitting Board Members<\/b><\/p>\n

Garg Group Has Presented the Company with Evidence that It Has Received Consents Representing More than 46% of Better\u2019s Voting Power \u2013 Yet Better Refuses to Issue Corrective Disclosures<\/i><\/p>\n

Urges Shareholders to Submit Their Consent on the GREEN CONSENT CARD<\/b> to Support the Garg Group\u2019s Proposals to Remove Directors Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon and Prabhu Narasimhan from the Board<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nVishal Garg, founder and former CEO of Better Home & Finance Corporation (\u201cBetter\u201d or the \u201cCompany\u201d) (Nasdaq: BETR) and a significant shareholder in the Company, has undertaken a consent solicitation to remove five sitting directors \u2013 interim CEO Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon and Prabhu Narasimhan \u2013 from the Company\u2019s Board of Directors (the \u201cBoard\u201d). Mr. Garg today issued the following statement:<\/p>\n

\nI am alerting Better shareholders that they are being fed blatantly inaccurate information, in the latest example of the Board\u2019s duplicity and interim CEO Daniel Lewis\u2019 proclivity to telling untruths. Yesterday morning at approximately 8:30 a.m. Eastern Time, the Company issued a strident press release attempting to dispute the fact that we have received consents representing more than 46% of Better\u2019s voting power \u2013 a fact that we had announced the previous day.1<\/sup><\/p>\n

\nAt approximately 10:00 a.m. Eastern Time yesterday, our proxy solicitor met directly with Paula Tuffin, the Company’s General Counsel, and presented evidence substantiating that we have indeed obtained consents representing more than 46% of the Company’s voting power. Based on that meeting, the Board now has direct evidence contradicting the Company’s public statements, including its previous press release alleging that we had \u201cfailed to demonstrate almost any support from public shareholders.\u201d2<\/sup> These statements should require corrective disclosures from the Company. Yet Better continues to leave shareholders and the market with its own materially misleading account of the consent solicitation.<\/p>\n

\nDespite our pointing out this fact pattern to the Company, it has yet to issue a correction to its spurious and misleading statements. Nor has it identified any specific consents being challenged or any details about voting calculations that it may wish to dispute.<\/p>\n

\nWe call on the Board to immediately take action to withdraw the Company\u2019s false statements and make all appropriate corrective disclosures. If this does not happen, then the Board will only reinforce that it is not looking out for the best interests of all shareholders and is instead attempting to entrench itself as Better\u2019s value declines precipitously.<\/p>\n

\nIt is time for Better to stop playing games and leveling specious allegations to distract shareholders from the real issues at hand. We remain focused on upgrading the Board with the incredibly well qualified and accomplished independent candidates we have identified \u2013 Bing Gordon, David Heidecorn and Steve Sarracino \u2013 whose addition as directors would catalyze Better\u2019s return to value creation. I urge all shareholders who have not yet done so to sign, date and return their GREEN consent card today so that we can bring back accountability to Better and create long-term value.<\/p>\n

\nEvery shareholder\u2019s consent is important. It is time for a better BETR \u2013 which is why the Garg Group urges all shareholders to sign, date and return the GREEN CONSENT CARD<\/span><\/b> in favor of the Garg Group\u2019s proposals to remove Board members Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon and Prabhu Narasimhan.<\/p>\n

\nTo learn more about why leading independent voices support this effort, including perspectives from corporate governance experts and proxy advisory firm Egan-Jones, and for information about the Garg Group’s independent director candidates, visit: www.betrvote.com<\/a>.<\/p>\n

Important Note: <\/b>The three director candidates identified in this press release have expressed their willingness to serve as Board members if the consent solicitation is successful, however no agreement has been reached with them. Further, the consent solicitation will not automatically result in their appointment to the Board. Rather, they would be nominated by Mr. Garg and their appointments would depend on obtaining approval from a majority of Board members at that time.<\/p>\n

About Vishal Garg<\/b><\/p>\n

\nVishal Garg is the Founder, Board Member & former CEO of Better.com, the leading AI mortgage platform. Under Vishal’s leadership, Better.com has provided over $110BN in home financing and provided over $35BN in cumulative coverage through Better Cover and Better Settlement Services, the insurance divisions of Better.com. Better.com has raised over $1.75BN in equity capital and is backed by SoftBank, L Catterton, Kleiner Perkins, Goldman Sachs, Ally Bank, American Express, Citi, IA Ventures and other investors.<\/p>\n

\nPrior to founding Better.com, Vishal founded 1\/0 Capital, an early-stage investment firm focused on investments in fintech, data science and consumer products companies. Notable seed stage investments include Paribus, Ramp, Juul, Trumid, Creditas, Climb Credit, Notable, Bland AI, Maxhome AI, among many others which cumulatively have created over $100 billion in market value over the last 10 years.<\/p>\n

\nVishal previously co-founded MyRichUncle.com, the first online student lender, which he started in 1999 with $30,000 at the age of 21 and built into the fourth largest publicly traded private student loan company in the US. Prior to MyRichUncle, Vishal was an investment banking analyst at Morgan Stanley & Co.<\/p>\n

IMPORTANT INFORMATION<\/b><\/p>\n

\nVishal Garg, together with the other participants in his solicitation, has filed a definitive consent solicitation statement with the SEC in connection with the solicitation of written consents from Better stockholders. Stockholders are urged to read the definitive consent solicitation statement and other solicitation materials carefully because they contain important information. The definitive consent solicitation statement is available free of charge through the SEC. GREEN consent cards are being distributed directly to stockholders, including by UPS.<\/p>\n

_____________________________
\n
1<\/sup> The current voting support reported by the Garg Group represents a preliminary tabulation of consents received by the Garg Group and does not represent the consent solicitation final voting results. The reported current level of voting support does not represent final voting results that were verified by an independent inspector and may change at any time or by revocations prior to formally delivering the consents.
\n
2<\/sup>https:\/\/www.businesswire.com\/news\/home\/20260918271749\/en\/Better-Home-Finance-Calls-on-Former-CEO-Vishal-Garg-to-End-His-Failed-Revenge-Campaign-After-He-Again-Extends-Deadline-for-Consent-Solicitation<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260924692930\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
info@onezerocapital.com
\n<\/a>
garggroup@longacresquare.com<\/a><\/p>\n

Investor Contact:
\n<\/b>
Bruce Goldfarb \/ Chuck Garske
\n
Okapi Partners LLC
\n
(877) 629-6357
\n
info@okapipartners.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Professional Services Residential Building & Real Estate Fintech Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Garg Group Demands Better Home & Finance Correct Materially Misleading Statements About the Current Level of Support for the Removal of Five Sitting Board Members Garg Group Has Presented the Company with Evidence that It Has Received Consents Representing More than 46% of Better\u2019s Voting Power \u2013 Yet Better Refuses to Issue Corrective Disclosures Urges Shareholders to Submit Their Consent on the GREEN CONSENT CARD to Support the Garg Group\u2019s Proposals to Remove Directors Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon and Prabhu Narasimhan from the Board NEW YORK–(BUSINESS WIRE)– Vishal Garg, founder and former CEO of Better Home & Finance Corporation (\u201cBetter\u201d or the \u201cCompany\u201d) (Nasdaq: BETR) and a significant shareholder in the Company, has undertaken a consent … <\/p>\n

Continue reading “Garg Group Demands Better Home & Finance Correct Materially Misleading Statements About the Current Level of Support for the Removal of Five Sitting Board Members”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1005658","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGarg Group Demands Better Home & Finance Correct Materially Misleading Statements About the Current Level of Support for the Removal of Five Sitting Board Members - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/garg-group-demands-better-home-finance-correct-materially-misleading-statements-about-the-current-level-of-support-for-the-removal-of-five-sitting-board-members\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Garg Group Demands Better Home & Finance Correct Materially Misleading Statements About the Current Level of Support for the Removal of Five Sitting Board Members - 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