Better Home & Finance Holding Company 8-K Filings

Better Home & Finance Holding Company reported that Nasdaq found it out of compliance with two corporate governance standards: a majority-independent board and an audit committee with at least 3 independent members. The company had notified Nasdaq on October 5, 2026, after resignations and removals from its board.

Nasdaq's October 13, 2026, notice gives the company until November 27, 2026, or 45 calendar days, to submit a plan to regain compliance. If Nasdaq accepts the plan, it may grant up to 180 calendar days from the notice date to evidence compliance. The company intends to submit a plan. The notice has no immediate effect on the listing of its Class A common stock or warrants; failure to regain compliance could result in a delisting determination.

Better Home & Finance Holding Company (BETR) reported preliminary third-quarter 2026 Loan Volume of $1.39 billion, up 15% from $1.21 billion a year earlier. The result was within its previously announced $1.375 billion to $1.525 billion guidance range, toward the lower end. Tinman AI platform volume was $790 million, up 64% from $483 million and approximately 57% of total Loan Volume, versus approximately 40% in Q3 2025. The company said industry volume declined 37% in the same period.

The first Better 2.0 weekly scorecard reports $13.2 million in annualized expense reductions implemented and another $51 million in targeted annualized reductions subject to execution. The company states the implemented and planned initiatives represent approximately $5.35 million monthly, or $64.2 million annualized, once fully implemented; these are annualized reductions, not savings already realized. It plans weekly scorecard updates until Adjusted EBITDA breakeven and expects its stock buyback program to be buying stock this week.

Better Home & Finance Holding Co (BETR) received notice that it does not meet several Nasdaq governance requirements: a majority of its Board must be independent; its audit committee must have at least three independent members; its compensation committee must have at least two independent members; and independent directors must oversee director nominations.

Nasdaq gave the company 45 calendar days to submit a plan to regain compliance. The company intends to submit a plan, and the notice has no immediate effect on the listing of its Class A common stock or warrants. If the company fails to regain compliance, Nasdaq could determine to delist its securities; the company said there is no assurance Nasdaq will accept its plan or that it will regain compliance.

Better Home & Finance Holding Company (BETR) reported board changes after Vishal Garg and other consent-solicitation participants delivered stockholder consents representing a majority of the voting power of the company’s common stock outstanding as of August 21, 2026. The consents, in part, removed without cause Daniel Lewis, Arnaud Massenet, Bhaskar Menon, Prabhu Narasimhan and Harit Talwar, effective September 30, 2026. Hugh Frater notified the company on October 1, 2026, of his decision to resign from the Board, effective upon the Removal.

On October 5, 2026, Garg, as the sole remaining director, appointed Bing Gordon, Steven Sarracino, Paula Tuffin and Nicholas Calamari to fill vacancies. Tuffin is the company’s General Counsel, Chief Compliance Officer and Secretary; Calamari is an employee. The Board removed Lewis as Interim CEO effective immediately and began identifying a successor. Gordon’s consulting agreement includes a grant of 20,000 restricted stock units on February 11, 2026, with an aggregate grant date fair value of $582,200; the units vest quarterly over four years.

Better Home & Finance Holding Company (BETR) amended its Rights Agreement with Computershare Trust Company, N.A., as rights agent, effective October 6, 2026. The amendment moved expiration of the rights to purchase Class A, Class B and Class C common stock from the date of the company’s 2027 annual meeting to the close of business on October 6, 2026. At that time, all outstanding rights expired and were no longer exercisable, and the Rights Agreement terminated.

No Series A Junior Participating Preferred Stock was issued or outstanding when the amendment was entered into. On October 7, 2026, the company filed a Certificate of Elimination, returning the shares designated as that preferred stock to authorized but unissued and undesignated preferred stock.

Better Home & Finance Holding Co. (BETR) stockholders delivered written consents on September 30, 2026, representing a majority of the voting power outstanding as of August 21, 2026. The consents removed five directors without cause, effective immediately: Daniel Lewis, Arnaud Massenet, Bhaskar Menon, Prabhu Narasimhan and Harit Talwar. On October 1, Hugh Frater notified the company of his resignation from the Board, effective upon the removal.

On October 5, Vishal Garg, as the sole remaining director, appointed Bing Gordon, Steven Sarracino, Paula Tuffin, the General Counsel, Chief Compliance Officer and Secretary, and employee Nicholas Calamari to fill vacancies. The Board also removed Daniel Lewis as Interim CEO, effective immediately, and began a process to identify a successor Interim CEO. Final results showed 13,638,803 consents and 24,594 against the bylaw proposal; each director-removal proposal received 13,633,243 consents and 30,154 against, with zero abstentions.

Better Home & Finance Holding Company (BETR) said Michael Farello resigned from its Board of Directors effective September 28, 2026.

Better Home & Finance Holding Company (BETR) reports that it has entered into mutual separation agreements with two senior leaders: Chad M. Smith, President of Better Mortgage Corporation, and Barry Feierstein, the Company’s Chief Operating Officer.

Under the Smith Separation Agreement dated September 1, 2026, Mr. Smith’s employment ended by mutual agreement effective September 2, 2026. Subject to the agreement’s conditions, he will receive a $416,666 lump-sum cash payment, representing five months of base salary, six months of COBRA premium payments, and accelerated vesting of 10,000 restricted stock units that would otherwise have been forfeited. The agreement includes mutual releases, confidentiality, non‑disparagement, and post‑employment cooperation obligations, while his existing indemnification agreement remains in effect. A similar Mutual Separation and General Release Agreement with Mr. Feierstein was executed on September 3, 2026 and is effective September 4, 2026, with both agreements to be filed as exhibits to the Form 10‑Q for the quarter ending September 30, 2026.

Better Home & Finance Holding Co (BETR) reports that on August 27, 2026, director Hugh Frater informed the company he intends to resign from the Board of Directors if Vishal Garg, the former Chief Executive Officer and current director, assumes any executive role with the company, including a director position with executive responsibilities.

Better Home & Finance Holding Company (BETR) adopted a limited-duration shareholder rights plan effective August 20, 2026, and declared a dividend of one right for each outstanding share of Class A, B and C common stock, payable to stockholders of record on August 31, 2026.

Under the Rights Agreement, if any person or group becomes the beneficial owner of 15% or more of any class of common stock or of the company’s voting power without board approval, other holders can purchase common stock with a market value of two times the $65.00 purchase price, diluting the acquiring party. The board may redeem the rights for $0.001 per right, and the rights generally expire at the company’s 2027 annual meeting of stockholders unless earlier redeemed, exchanged or terminated.

Better Home & Finance Holding Company reported second quarter 2026 Loan Volume of $1.67 billion, up 38% year over year, and Total Net Revenues of $54.7 million, up 28%. Platform Loan Volume reached $912 million, or 55% of Loan Volume, with 5,724 total loans completed. By product, purchase loans were $824 million (49% of volume), refinancings $549 million (33%), and HELOCs $294 million (18%).

The company recorded a Q2 2026 net loss of $30.6 million versus a loss of $36.3 million a year earlier, and an Adjusted EBITDA loss of $14.0 million versus $22.9 million, including a $6.5 million benefit from a TRID reserve release. Cash and cash equivalents were $102.3 million with restricted cash of $9.6 million. Results reflect the reclassification of the U.K.-based bank to discontinued operations.

Operationally, Home Equity Loan Volume grew 45% quarter over quarter and platform loan volume increased 11%. Daniel Lewis, a board member, was appointed Interim CEO effective August 3, 2026, while founder Vishal Garg remains on the board. The company increased targeted annualized cost reductions to exceed $45 million by year-end 2026 and guided Q3 2026 Loan Volume of $1.375–$1.525 billion, Total Net Revenues of $49.0–$52.0 million, and Adjusted EBITDA of $(18.0)–$(15.0) million.

Better Home & Finance Holding Company appointed Board member Daniel Lewis as Interim Chief Executive Officer, effective August 3, 2026, as founder Vishal Garg stepped down from the CEO role but remains on the Board to support the transition. The Board expects the overwhelming majority of Lewis’s compensation to be tied to shareholder returns and long-term operating performance.

The company is sharpening its strategy around a platform model where partners handle customer acquisition while Better focuses on manufacturing mortgages efficiently on its Tinman® AI platform. Management expects annualized cost reductions to exceed $45 million by year-end, above the previously announced $25 million target, and continues to pursue a sale of its UK bank subsidiary, Birmingham Bank. The second-quarter 2026 earnings release and investor call have been moved to after market close on August 6, 2026.

Preliminary second-quarter 2026 results include Funded Loan Volume of $1.67 billion, up 38% year over year, revenue of $54.7 million, up 28% year over year, a net loss of $30.6 million, and Adjusted EBITDA of $(13,988) thousand, which includes a $6.5 million benefit from a TRID reserve release. These figures are estimates and remain subject to completion of normal closing procedures.

Better Home & Finance Holding Company amended its broker agreement with Intuit Credit Karma on July 28, 2026. Under the expanded partnership, Better will offer Home Equity Line of Credit (HELOC) products to Intuit Credit Karma’s U.S. consumer base of 140 million users under the “Credit Karma Home Loans powered by Better” brand.

These HELOCs will be offered alongside the Rate Term Refinance and Cash out Refinance products already available through the relationship. Better states that, once launched, HELOC offerings are expected to contribute meaningfully to its loan volume and revenue growth over the following several quarters, while noting that these expectations are forward-looking and subject to risks described in its SEC filings.

Better Home & Finance Holding Company reported that on July 27, 2026, director David Barse resigned from its board, effective immediately. The company states that his decision was not due to any disagreements regarding operations, policies, or practices.

On the same date, the board elected Daniel Lewis as a director, effective immediately, to serve until the 2027 annual meeting of stockholders and until a successor is duly elected and qualified or earlier departure. Committee assignments for Lewis have not yet been determined.

Lewis will participate in the standard compensation program for non-employee directors described in the April 30, 2026 proxy statement and is expected to enter into the company’s standard indemnification agreement. The company reports no family relationships or related-party transactions involving Lewis requiring disclosure.

Better Home & Finance Holding Company reported the results of its June 10, 2026 Annual Meeting of Stockholders. Holders of a majority of the voting power of Class A and Class B common stock were present or represented by proxy.

All eight director nominees, including Harit Talwar, Vishal Garg and others, were elected to serve until the next annual meeting and until successors are elected and qualified. Stockholders also ratified the appointment of BDO USA, P.C. as the independent registered public accounting firm for the year ending December 31, 2026, with 20,575,834 votes for, 37,151 against and 18,591 abstentions.

Better Home & Finance Holding Company reported rapid growth but continued losses for Q1 2026. Loan volume reached $1.64 billion, up 89% year over year and above guidance, while total net revenues from continuing operations rose 52% to about $48 million.

The company posted a net loss of $70.3 million, larger than the $50.6 million loss a year earlier, though Adjusted EBITDA loss improved to $18.8 million from $36.0 million. Platform loan volume via the Tinman AI platform increased 404% to $821 million, representing half of total loan volume.

Better ended the quarter with roughly $136 million in cash, restricted cash and net assets held for sale, announced $25 million of planned annualized cost reductions, expanded warehouse capacity to $850 million, and completed a $69 million underwritten equity offering. For Q2 2026, it guides to loan volume of $1.575–$1.725 billion, total net revenues of $53.0–$56.0 million, Adjusted EBITDA loss of $12.5–$14.0 million, and reaffirms an Adjusted EBITDA breakeven target by the end of Q3 2026.

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.

Better Home & Finance Holding Company elected Hugh R. Frater to its board of directors and to the audit committee, effective March 23, 2026. The board determined he is independent under Nasdaq rules. He will serve until the 2026 annual meeting and until a successor is elected and qualified.

Compensation under the company’s Director Compensation Policy includes an annual cash retainer of $150,000 and an annual equity retainer of restricted stock units valued at $150,000. For audit committee service, he will receive an additional annual cash retainer of $7,500 and additional restricted stock units valued at $7,500, with cash paid quarterly and equity vesting before the annual meeting, all prorated from his start date.

Better Home & Finance Holding Company has changed its independent auditor. On March 16, 2026, the audit committee dismissed Deloitte & Touche LLP, effective immediately, after a competitive selection process. Deloitte’s reports for 2024 and 2025 contained no adverse opinions, and there were no disagreements on accounting or audit matters.

The company had previously disclosed material weaknesses in internal control over financial reporting, which it concluded were remediated as of December 31, 2025, after discussion with Deloitte. The audit committee appointed BDO USA, P.C. as the new independent registered public accounting firm for the 2026 fiscal year, with an engagement letter executed on March 18, 2026.

Better Home & Finance Holding Company reported strong growth but ongoing losses for Q4 2025. Revenue was approximately $44 million, up about 77% year over year, while Funded Loan Volume rose 56% to $1.5 billion. Net loss improved to about $40 million, and Adjusted EBITDA loss narrowed to $24 million.

Better’s Tinman AI Platform Funded Loan Volume reached $646 million, more than 40% of total volume, exceeding prior guidance of $600 million. The company ended the quarter with roughly $229 million in cash, restricted cash, short-term investments, and assets held for sale, and had $575 million of warehouse financing capacity.

Management issued Q1 2026 Loan Volume guidance of $1.40–$1.55 billion, reaffirmed its goal of reaching $1.0 billion in Monthly Loan Volume by the end of May 2026, and reiterated its target of Adjusted EBITDA breakeven by the end of Q3 2026.

Better Home & Finance Holding Company entered a Securities Purchase Agreement with Framework Ventures IV L.P. and issued a warrant to buy up to 211,312 shares of Class A common stock. The warrant was sold for $0.01 and is exercisable in two stages tied to Framework’s ownership level.

The first 105,656 shares are exercisable at $27.00 per share once Framework’s beneficial ownership exceeds 4.99%. The remaining 105,656 shares become exercisable when the first portion is fully purchased and ownership exceeds 8.98%, at the greater of $27.00 or 90% of the 30‑day volume‑weighted average price. The warrant expires on February 17, 2027, and the company agreed in a separate Registration Rights Agreement to register the resale of the warrant shares after closing conditions are met.

Better Home & Finance Holding Company filed an amended current report to correct the signature page, updating the date and identifying the proper signing officer. The company also furnished details of a press release announcing the successful amendment and renewal of a $175 million warehouse credit facility with a leading global banking institution, and reaffirmed previously provided finance guidance.

The press release is furnished under Regulation FD, meaning it is provided for informational purposes and is not treated as filed for liability purposes under the Exchange Act or automatically incorporated into other SEC filings.

Better Home & Finance Holding Company reported that it has successfully amended and renewed a $175 million warehouse credit facility with a leading global banking institution. This type of facility is commonly used to fund the company’s loan origination activities before those loans are sold or securitized, helping support ongoing lending operations. In the same announcement, the company re-affirmed its previously provided finance guidance, signaling that its expectations for financial performance remain unchanged based on current information.

Better Home & Finance Holding Company filed an 8-K stating it issued a press release announcing financial results for the quarter ended September 30, 2025. The press release is attached as Exhibit 99.1 and, along with Item 2.02 information, is being furnished and not deemed filed under the Exchange Act. The filing lists its securities on Nasdaq under BETR (Class A common stock) and BETRW (warrants). The report is signed by CFO Kevin Ryan on November 13, 2025.

Better Home & Finance Holding Company (BETR) reported executive equity awards. On November 3, 2025, the Board approved restricted stock unit (RSU) grants under the 2023 Incentive Equity Plan with both performance- and time-based vesting. CEO Vishal Garg received 287,500 RSUs tied to stock price goals and 287,500 RSUs tied to Company revenue goals. General Counsel Paula Tuffin received 50,000 RSUs tied to stock price goals and 50,000 RSUs tied to Company revenue goals.

The performance goals must be achieved between October 1, 2025 and December 31, 2030. For RSUs that meet performance goals, 25% time vest on the 12‑month anniversary of the grant date, with the remainder vesting in equal quarterly installments over the following 36 months, subject to continued service. The awards include potential accelerated vesting upon certain terminations in connection with a change in control, as described in the Company’s Executive Change in Control Severance Plan.

Better Home & Finance Holding Co. reported an 8-K disclosing a leadership change in which an executive named Kevin is departing. The company highlighted his role in preparing the firm for its IPO, in assisting post‑listing finance functions, and in negotiating and helping raise $1.25 billion of additional capital. CEO Vishal Garg thanked Kevin for his contributions and wished him well. The filing otherwise contains no financial results, forward guidance, or transaction details; it appears focused on the personnel change and a summary of Kevin's past contributions.

Better Home & Finance Holding Company entered two new partnerships and launched a $75 million at-the-market stock offering program to support expected growth in mortgage originations. One partnership is with a top five U.S. personal finance platform serving over 50 million customers, which will offer mortgage products through Better’s Tinman® AI platform. A second agreement with a top five non-bank mortgage originator will use Tinman® AI to originate HELOCs and HELOANs tied to its customer base and servicing portfolio.

Better’s existing warehouse facilities provide $575 million of monthly capacity, and it believes selling the full $75 million of stock could help scale monthly originations from about $500 million to as much as $2.0 billion. The shares may be sold from time to time through Cantor Fitzgerald & Co. and BTIG, LLC, which will each earn a 2.0% commission on sales.