Better Home & Finance adopts poison pill to block former CEO's takeover bid

Better Home & Finance Holding Co

Rights plan effective Aug 20, 2026; expires at 2027 annual meeting; triggers at 15% ownership of any class or voting power.
One Right per Class A/B/C share; record date Aug 31, 2026; $65.00 exercise price per fractional preferred share.
Targets former CEO Vishal Garg, coordinating with undisclosed investor group to seize control without paying premium.
On trigger, non-Acquiring holders may buy shares at 2x market value; Acquiring Person's Rights become null and void.
Board may redeem Rights for $0.001 each before Distribution Date; Certificate of Designation filed in Delaware Aug 20, 2026.

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