share_log

424B3: Prospectus

SEC ·  Aug 8 20:54

Summary by Futu AI

Better Home & Finance Holding (BETTER) has filed a prospectus supplement with the SEC, detailing a primary offering of up to 9,808,405 shares of Class A common stock and a secondary offering of up to 414,050,751 shares of Class A common stock, including shares issuable upon conversion of Class B and Class C common stock and exercise of warrants. This filing, dated August 8, 2024, supplements the original prospectus dated May 9, 2024, and includes information from the company's current report filed on August 8, 2024. The company's Class A common stock and public warrants are listed on the Nasdaq under the ticker symbols 'BETR' and 'BETRW' respectively. BETTER also announced financial results for the quarter ended June 30, 2024, with a strong performance including a 45% increase in funded...Show More
Better Home & Finance Holding (BETTER) has filed a prospectus supplement with the SEC, detailing a primary offering of up to 9,808,405 shares of Class A common stock and a secondary offering of up to 414,050,751 shares of Class A common stock, including shares issuable upon conversion of Class B and Class C common stock and exercise of warrants. This filing, dated August 8, 2024, supplements the original prospectus dated May 9, 2024, and includes information from the company's current report filed on August 8, 2024. The company's Class A common stock and public warrants are listed on the Nasdaq under the ticker symbols 'BETR' and 'BETRW' respectively. BETTER also announced financial results for the quarter ended June 30, 2024, with a strong performance including a 45% increase in funded loan volume and a 41% increase in revenue compared to the previous quarter. The company is focusing on growth opportunities and expects a funded loan volume of over $1 billion in Q3'24. BETTER is also implementing a 1-for-50 reverse stock split effective at 6:00 p.m. New York time on August 16, 2024, with trading on a split-adjusted basis beginning on August 19, 2024.

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