Summary by Futu AI
BETTER HOME & FINANCE HOLDING (BETR) has filed a prospectus supplement on May 10, 2024, to update and supplement information contained in the original prospectus dated May 9, 2024. The supplement includes details of a primary offering of up to 9,808,405 shares and a secondary offering of up to 414,050,751 shares of Class A Common Stock, along with the issuance of warrants. The shares and warrants are listed on the Nasdaq Capital Market under the ticker symbols 'BETR' and 'BETRW' respectively. The closing prices on May 9, 2024, were $0.42 per share of Class A Common Stock and $0.10 per Public Warrant. Additionally, the company announced the appointment of Chad Smith as President and Chief Operating Officer of its subsidiary, Better Mortgage Corporation, effective May 6, 2024. Smith's compensation includes a $1,000,000 annual base salary, a target bonus equal to 100% of his base salary, and a grant of 8,000,000 restricted stock units subject to certain conditions.