Seeks Injunctive Relief Ordering Garg to Correct His False and Misleading Disclosures and Cease His Improper and Illegal Solicitation

Better Home & Finance Holding Company (NASDAQ:BETR) ("Better" or the "Company") today announced that it has filed a complaint (the "Complaint") in the United States District Court for the Southern District of New York against Vishal Garg, the Company’s former Chief Executive Officer ("CEO").

The independent directors of Better and Mr. Garg mutually agreed that Mr. Garg would step down and transition out of his role as part of a planned leadership transition, believing that the Company was in need of new leadership. Mr. Garg has subsequently changed his position and has been running an illegal, scorched-earth campaign to replace the Board and get himself reinstated as CEO of Better. He has done so through a series of blatant misrepresentations, with the assistance of a group of undisclosed shareholders, all in violation of clear federal securities laws.

Specifically, the Complaint alleges that Mr. Garg violated Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by secretly assembling a group of shareholders (the "Group") to act together to carry out his self-serving agenda and failing to timely disclose the formation of the Group, its members, arrangements between the members, shareholdings and other required information. As recently as yesterday in a securities filing, Mr. Garg claimed to be acting alone when the Company is aware of definitive evidence that he is not.

The Complaint further alleges that Mr. Garg violated Section 14(a) of the Exchange Act by issuing a series of misleading communications—claiming, for example, that more than 50% of the voting power of the Company supported his efforts—and solicited shareholder support without first filing a definitive consent solicitation statement as required by the federal securities laws.

The Complaint seeks declaratory and injunctive relief determining that Mr. Garg has violated Sections 13(d) and 14(a) of the Exchange Act, that Mr. Garg must file a complete and accurate Schedule 13D disclosing the existence, composition, purpose and plans of the Group, that Mr. Garg must correct his materially false and misleading statements, that Mr. Garg must cease his improper solicitation until he has filed a definitive consent solicitation statement and that all purported consents, authorizations or other expressions of shareholder support procured by Mr. Garg through his unlawful solicitation are void and of no legal effect.

These shocking actions by Mr. Garg are an affront to shareholder democracy and serve to benefit only Mr. Garg. The Company is committed to protecting shareholders from Mr. Garg’s improper attempt to seize control of the Board under cloak of darkness and to ensuring that shareholders have access to accurate, complete and timely information.

Shareholders do not need to take any action at this time.