Garg Group Updates Target Date for Written Consent Process at Better Home & Finance
Vishal Garg and the Garg Group have updated their target date to September 18, 2026, for submitting written consents from stockholders of Better Home & Finance Holding Company (NASDAQ: BHFF) aimed at removing five members of its Board of Directors. The extension allows recently-reached shareholders additional time to review materials and provide consent. Garg expressed appreciation for the support received so far and emphasized ongoing efforts to secure remaining consents. The group is proceeding with a SEC-compliant solicitation process, having filed definitive statements with regulators. They also clarified that participating in this effort will not trigger Better's poison pill or legal action against shareholders. The Delaware Court of Chancery has confirmed the legality of supporting their initiative through signing and delivering GREEN consent cards. The Garg Group aims to reverse what they describe as value-destructive actions by current leadership, return focus to cost transformation strategies, and initiate a search for a long-term CEO.
Topics: board removal corporate restructuring stockholder consent solicitation