Better Home & Finance Responds to Former CEO Vishal Garg’s Latest Unrealistic and Grandiose “Plan” That Lacks Operational Foundation
Better Home & Finance's Special Committee urged shareholders to sign, date and return the WHITE consent revocation card and disregard any green consent card from former CEO Vishal Garg, whose group is seeking to remove members of the Board. The company called Garg's turnaround plan unworkable, citing a decade of missed commitments under his leadership, including a promised $1 billion in monthly loan volume by May 2026 and positive adjusted EBITDA guidance that the company ultimately withdrew before Garg agreed to step down.
Key figures
- Cumulative funded loan volume
- $110 billion+
- Garg uk bank sale timeline claim
- 30 days
- Garg promised monthly loan volume
- $1 billion by May 2026 (missed, per the Company)
- Definitive consent revocation statement filed
- 2026-08-28
AI analysis
Red flags5 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.