Better Home & Finance Responds to Latest False and Misleading Claims from Former CEO Vishal Garg

NEW YORK--(BUSINESS WIRE)--The Special Committee of the Board of Directors (the “Special Committee”) of Better Home & Finance Holding Company (NASDAQ: BETR) (“Better” or the “Company”) today issued the following statement in response to the latest round of false and misleading claims by the Company’s former CEO, Vishal Garg.

“In his frenzied attempt to manufacture momentum for his sputtering consent solicitation, Garg has taken to publicly touting purported shareholder support for his campaign—in clear violation of the federal proxy rules. However, like so many of Garg’s claims, this one has no basis in reality.

Based on our visibility into the banks and brokers that custody Better’s shares and the consents Garg previously submitted, Garg has not obtained consents from anywhere near the 46% of the Company’s voting power he now claims. Most of his claimed support comes from his own super-voting shares and those of a small number of long-time allies. Put simply, he has gained minimal traction with public investors.

We also remind shareholders that just weeks ago, Garg claimed to have more than 50% of the vote—a claim that proved false.

Garg has set numerous deadlines by which he promised to demonstrate support and deliver the requisite written consents, and he has missed them all. Now, having evidently failed to convince public shareholders to support his revenge campaign on the merits, Garg has turned to increasingly desperate tactics and histrionic complaints, consistent with his pattern of blaming others for his failures.

In his latest press release, Garg chastised the Board for allegedly failing to provide him with information about the Company’s shareholders. However, the Company did provide Garg’s counsel with three separate share ownership lists—every list we have that he asked for. It is our understanding that Garg’s own legal counsel neglected to share those lists with Garg or his proxy solicitor. The informational disadvantage that Garg bemoans is, in fact, one of his own advisors’ making.

In all events, the Company is not preventing Garg from communicating with shareholders. Garg has been doing exactly that every day for weeks through a torrent of press releases, mailings, emails, tweets, ‘bots,’ text messages and phone calls. The problem for Garg is not that shareholders can’t hear his message; it is, instead, that shareholders do not agree with him.

We urge shareholders to continue to ignore Garg’s campaign so Better’s Board, management and employees can move forward and focus on executing the Company’s strategy.”

The Special Committee unanimously recommends that shareholders sign, date and return the WHITE consent revocation card and disregard any green consent card received from Mr. Garg. Shareholders who have previously signed and returned a green consent card may revoke that consent by signing, dating and returning the Company’s WHITE consent revocation card.

Shareholders who have questions regarding the consent solicitation or need assistance revoking a previously submitted consent should contact the Company’s proxy solicitor:

Saratoga Proxy Consulting LLC
[phone] / [phone]
[e-mail]

About Better

Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Better has leveraged its industry-leading AI platform, Tinman®, to achieve its singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first AI loan agent built exclusively for the mortgage industry, revolutionizes the homebuying journey by answering questions, delivering approvals, comparing products, processing rate locks, and moving their loan application along to closing 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.

For more information, follow @SaveBETR and @betrmortgage on X and @betterdotcom on Instagram and TikTok.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical facts should be considered forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual future events to differ materially from those expressed or implied by the forward-looking statements in this communication. These risks and uncertainties include those risks discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026 and June 30, 2026, as any such factors may be updated from time to time in the Company’s other filings with the SEC. New risks and uncertainties arise from time to time, and it is impossible for Better to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Better undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.

Important Additional Information and Where to Find It

The Company has filed with the U.S. Securities and Exchange Commission (the "SEC") a definitive consent revocation statement dated August 28, 2026, together with an accompanying WHITE consent revocation card, in opposition to the solicitation of written consents by Vishal Garg and the members of his group (collectively, the "Garg Group") seeking to remove members of the Company's Board of Directors. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE CONSENT REVOCATION STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and stockholders will be able to obtain copies of the consent revocation statement, any amendments or supplements thereto and any other documents filed by the Company with the SEC free of charge at the SEC's website (www.sec.gov) and at the Company's investor relations website (investors.better.com).

Participants in the Solicitation

The Company, each member of its Board of Directors and certain of its employees and executive officers, namely Loveen Advani, Daniel Lewis (by virtue of his status as Interim Chief Executive Officer), and Paula Tuffin, may be deemed to be “participants” (as defined in Instruction 3 to Item 4 of Schedule 14A under the Securities Exchange Act of 1934, as amended) in the solicitation of revocations of consent from the Company's stockholders in connection with the Garg Group's consent solicitation. Information regarding such persons and their direct or indirect interests in the Company, by security holdings or otherwise, is set forth in the Company's definitive consent revocation statement, filed with the SEC on August 28, 2026. This document may be obtained free of charge from the sources indicated above.