Summary by Futu AI
Better Home & Finance Holding Company has filed an amendment to its Form 8-A with the Securities and Exchange Commission (SEC), detailing a reverse stock split that became effective on August 16, 2024. The reverse stock split consolidated every fifty shares of its Class A, Class B, and Class C common stock into one share, without altering par values or stockholder equity percentages, except for fractional shares. This action reduced the number of authorized shares of Class A common stock from 1.8 billion to 36 million, Class B from 700 million to 14 million, and Class C from 800 million to 16 million. Adjustments were also made to the number of shares underlying the company's outstanding warrants and their exercise price. The amendment, which does not register new securities, updates the description of the company's common stock and warrants to reflect these changes. The information is qualified by the full text of the Certificate of Amendment filed with the Delaware Secretary of State and attached as Exhibit 3.2 to the amendment.
