Better Home & Finance raises $66M in stock sale

Better Home & Finance Holding Company completed an underwritten public stock offering of 2,156,250 Class A shares at $32.00 per share, generating aggregate net proceeds of $66,067,500 before expenses.

Rhea-AI Filing Summary

Better Home & Finance Holding Company completed an underwritten public stock offering of 2,156,250 Class A shares at $32.00 per share, generating aggregate net proceeds of $66,067,500 before expenses. Underwriters received a 4.25% discount on gross proceeds, and company insiders agreed to a 60-day lock-up on additional share sales.

The company also reported preliminary Q1 2026 funded loan volume of $1.64B, an 89% year-over-year increase that exceeded its prior guidance range of $1.40B-$1.55B. After the offering, cash and cash equivalents are expected to be about $130M, including $24M from its U.K.-based bank, and the company reaffirmed its goal of reaching $1.0B in monthly loan volume by the end of May 2026.

Positive

• Preliminary Q1 2026 funded loan volume of $1.64B rose 89% year over year and exceeded the company’s prior guidance range of $1.40B-$1.55B, indicating strong growth momentum in its lending business.
• Equity offering net proceeds of $66,067,500 are expected to lift total cash and cash equivalents to about $130M, including $24M at the U.K. bank, strengthening liquidity to support future operations and loan activity.

Negative

• Issuance of 2,156,250 new Class A shares in the underwritten public offering introduces equity dilution for existing shareholders, as a larger share count spreads future earnings and ownership over more shares.

Insights

Capital markets and fintech analyst

Equity raise strengthens liquidity alongside very strong loan growth.

Better Home & Finance closed an underwritten sale of 2,156,250 Class A shares at $32.00, yielding net proceeds of $66,067,500. This bolsters its cash position to an estimated $130M, including $24M at its U.K. bank, improving flexibility to support lending and operations.

Preliminary Q1 2026 funded loan volume reached $1.64B, an 89% year-over-year increase and above the prior guidance range of $1.40B-$1.55B. The company also reaffirmed its expectation of achieving $1.0B in monthly loan volume by the end of May 2026, assuming continued Tinman® AI Platform partnership growth.

This combination of rapid loan volume expansion and fresh equity capital is directionally positive for growth ambitions, though issuing 2,156,250 new shares introduces dilution for existing shareholders. Future quarterly filings will clarify how higher volumes translate into profitability and capital usage.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Shares offered: 2,156,250 shares Offering price: $32.00 per share Net proceeds: $66,067,500 +5 more

8 metrics

Shares offered 2,156,250 shares Class A common stock in April 2026 underwritten public offering

Offering price $32.00 per share Public offering price for Class A common stock

Net proceeds $66,067,500 Aggregate net proceeds from the offering before expenses

Underwriting discount 4.25% Percentage of gross proceeds paid as underwriting discounts and commissions

Preliminary Q1 2026 funded loan volume $1.64B Quarterly funded loan volume, up 89% year over year

Cash and cash equivalents ≈$130M Estimated balance after offering, including $24M at U.K. bank

Loan volume guidance range $1.40B-$1.55B Previously stated Q1 2026 funded loan volume guidance range

Target monthly loan volume $1.0B Expected monthly loan volume by end of May 2026

Key Terms

underwritten public offering, Shelf Registration Statement, Underwriting Agreement, lock-up, +2 more

6 terms

underwritten public offering financial

"the Company consummated an underwritten public offering (the “Offering”) of 2,156,250 shares"

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

Shelf Registration Statement regulatory

"the Company’s shelf registration statement on Form S-3 ... (the “Shelf Registration Statement”)"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

Underwriting Agreement financial

"pursuant to the Underwriting Agreement, dated April 8, 2026 (the “Underwriting Agreement”)"

An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.

lock-up financial

"the Company’s directors and executive officers also agreed not to sell or transfer any Class A Common Stock ... for sixty (60) days"

A lock-up is an agreement that prevents company insiders, early investors or employees from selling their shares for a set period after a public share offering. It matters to investors because it temporarily limits the number of shares available to trade—like a scheduled hold on extra inventory—and when that hold ends a large number of shares can enter the market, potentially putting downward pressure on the stock price and revealing insiders’ confidence in the company.

Tinman® AI Platform technical

"assuming continued Tinman® AI Platform partnership growth"

tinman® ai platform is a branded software system that uses artificial intelligence to process data, automate routine tasks, and produce actionable insights for business users. Investors care because such a platform can change a company’s cost structure and growth prospects — like a highly efficient employee that speeds decisions, reduces errors, and can scale without proportional increases in staff, potentially boosting revenue or margins.

funded loan volume financial

"preliminary Q1 2026 Funded Loan Volume for the quarter of $1.64B"

Funded loan volume is the total dollar amount of loans a lender has actually completed and paid out to borrowers during a given period. Investors watch it like a retailer watching sales — higher funded volume signals stronger lending activity and potential interest income, while changes can reveal shifts in demand, credit risk, or a lender’s capacity to originate and service loans.

FAQ

What stock offering did Better Home & Finance (BETR) complete in April 2026?

Better Home & Finance completed an underwritten public offering of 2,156,250 Class A common shares at $32.00 per share. The transaction generated $66,067,500 in aggregate net proceeds before expenses, with BTIG, LLC and Cantor Fitzgerald & Co. acting as lead underwriters.

How much cash did Better Home & Finance (BETR) expect after the April 2026 offering?

Following the closing of the offering, Better Home & Finance expected to have about $130 million in cash and cash equivalents. This figure includes $24 million of cash and cash equivalents held at its U.K.-based bank, enhancing the company’s liquidity position.

How did Better Home & Finance’s Q1 2026 funded loan volume perform?

For Q1 2026, Better Home & Finance reported preliminary funded loan volume of $1.64 billion, an 89% year-over-year increase. This result exceeded the company’s previously stated guidance range of $1.40 billion to $1.55 billion for the quarter.

What growth target did Better Home & Finance (BETR) reaffirm for loan volume?

The company reaffirmed its expectation to reach $1.0 billion in monthly loan volume by the end of May 2026. This target includes both funded loan volume and processed loans and assumes continued growth of partnerships using its Tinman® AI Platform.

What are the lock-up terms for Better Home & Finance insiders after the offering?

The company, its directors, and executive officers agreed not to sell or transfer Class A common stock for 60 days after the April 8, 2026 underwriting agreement. Any such transactions require written consent from the underwriters, subject to exceptions described in the prospectus supplement.

What underwriting compensation was paid in Better Home & Finance’s April 2026 offering?

Under the April 8, 2026 underwriting agreement, the underwriters received 4.25% of the gross proceeds from the sale of the 2,156,250 shares. This percentage represents the underwriting discounts and commissions paid for managing and distributing the offering.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/09/2026 - 04:15 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 8, 2026

Better Home & Finance Holding Company

(Exact name of registrant as specified in its charter)

Delaware			001-40143			93-3029990
(State or other jurisdiction of incorporation or organization)			(Commission File Number)			(I.R.S. Employer Identification Number)

1 World Trade Center

285 Fulton St., 80th Floor Suite A

New York,

NY

10007

(Address of principal executive offices) (Zip Code)

(415) 523-8837

Registrant’s telephone number, including area code

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A common stock, par value $0.0001 per share

BETR

The Nasdaq Stock Market LLC

Warrants exercisable for one share of Class A common stock at an exercise price of $575

BETRW

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02     Results of Operations and Financial Condition.

On April 8, 2026, Better Home & Finance Holding Company (the “Company”) filed a preliminary prospectus supplement (the “Preliminary Prospectus Supplement”) to the Company’s shelf registration statement on Form S-3 (No. 333-287335) initially filed on May 16, 2026, as amended and declared effective by the Securities and Exchange Commission (the “Commission”) on June 6, 2025 (the “Shelf Registration Statement”), in connection with the Offering (as defined below) and pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the “Securities Act”). The Preliminary Prospectus Supplement contains certain preliminary results of operations for the quarter ended March 31, 2026. Such preliminary results are furnished in the excerpt from the Preliminary Prospectus Supplement attached hereto as Exhibit 99.1.

Item 8.01     Other Events.

On April 9, 2026, the Company consummated an underwritten public offering (the “Offering”) of 2,156,250 shares (the “Shares”) of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”). The Shares were sold at a public offering price per share of $32.00 pursuant to the Underwriting Agreement, dated April 8, 2026 (the “Underwriting Agreement”), by and among the Company and BTIG, LLC and Cantor Fitzgerald & Co., as representatives of the underwriters included on Schedule I thereto (collectively, the “Underwriters”). The Company received $66,067,500 in aggregate net proceeds from the Offering before expenses.

The Offering was made pursuant to the Shelf Registration Statement and a prospectus supplement dated April 8, 2026 (the “Prospectus Supplement”).

The Underwriting Agreement contains customary representations, warranties and agreements of the Company, and customary conditions to closing, obligations of the parties and termination provisions. The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments that the Underwriters may be required to make because of such liabilities. In addition, the Company and the Company’s directors and executive officers also agreed not to sell or transfer any Class A Common Stock without first obtaining the written consent of the Underwriters, subject to certain exceptions as described in the Prospectus Supplement, for sixty (60) days after the date of the Underwriting Agreement. Pursuant to the Underwriting Agreement, the Underwriters received underwriting discounts and commissions of 4.25% of the gross proceeds received from the sale of the Shares in the Offering.

A copy of the Underwriting Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing descriptions of the Underwriting Agreement and lock-up arrangements do not purport to be complete and are qualified in their entirety by reference to such exhibit.

A copy of the opinion of Jones Day relating to the validity of the Shares issued in the Offering is filed herewith as Exhibit 5.1.

Item 9.01     Financial Statements and Exhibits.

(d)    Exhibits:

The following exhibits relating to Item 9.01 shall be deemed to be furnished, and not filed:

Exhibit						Description
1.1						Underwriting Agreement, dated as of April 8, 2026, between Better Home & Finance Holding Company, BTIG, LLC and Cantor Fitzgerald & Co.
5.1						Opinion of Jones Day
23.1						Consent of Jones Day (included in Exhibit 5.1)
99.1						Excerpt from Preliminary Prospectus Supplement, dated April 8, 2026
104						Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			BETTER HOME & FINANCE HOLDING COMPANY
Date: April 9, 2026			By:			/s/ Paula Tuffin
			Name:			Paula Tuffin
			Title:			General Counsel, Chief Compliance Officer and Secretary

Recent Developments

Funded Loan Volume and Cash Position

The Company reports preliminary Q1 2026 Funded Loan Volume for the quarter of $1.64B, an 89% year-over-year increase and exceeding the high end of the previously stated guidance range of $1.40B to $1.55B. Following closing of this anticipated offering, we expect to have an estimated cash and cash equivalents balance of approximately $130M, which includes $24M of cash and cash equivalents attributable to our U.K.-based bank. In addition, the Company reaffirmed that it expects to achieve $1.0 billion in monthly loan volume, consisting of funded loan volume and processed loans, by the end of May 2026 assuming continued Tinman® AI Platform partnership growth.

Filing Exhibits & Attachments

7 documents

Press Releases

• EX-99.1 EX-99.1 1.8 KB

Other Documents

• EX-1.1 EX-1.1 284.9 KB
• EX-5.1 EX-5.1 9.3 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.1 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 16.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 28.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 16.8 KB