Better Challenges Garg's Claimed 46% Support, Citing His Own Super-Voting Shares as Primary Source
BETR is trading near its 52-week low of $11.111 (9.4% above the low).
Summary
Better's Special Committee disputes Garg's claimed 46% support, saying most comes from his own super-voting shares and allies, and that his own counsel withheld share ownership lists from him.
Key Events · Corporate Governance and Compliance · BETR
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Company Disputes Garg's 46% Support Claim
The Special Committee states Garg has not obtained consents from anywhere near the 46% of voting power he now claims, and that most of his claimed support comes from his own super-voting shares and a small number of long-time allies.
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Information Gap Attributed to Garg's Own Counsel
The Company says it provided Garg's counsel with three separate share ownership lists, but Garg's own legal counsel neglected to share those lists with Garg or his proxy solicitor.
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Prior 50% Claim Proved False
The Company reminds shareholders that weeks ago Garg claimed to have more than 50% of the vote — a claim that proved false — and that he has missed numerous self-imposed deadlines to demonstrate support.
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Shareholders Urged to Sign WHITE Revocation Card
The Special Committee unanimously recommends shareholders sign, date and return the WHITE consent revocation card and disregard any green consent card received from Garg.
Analysis · BETR · Finance
The Special Committee has publicly rebutted Garg's assertion of 46% shareholder support, stating that he has gained minimal traction with public investors and that most of his claimed support stems from his own super-voting shares and long-time allies. Additionally, the Company reveals it provided three share ownership lists to Garg's counsel, yet Garg's own legal counsel failed to share those lists with him or his proxy solicitor. This marks the latest escalation in a month-long proxy fight that has already produced multiple lawsuits, a failed consent attempt, and a poison pill challenge. The new factual assertions — the specific 46% figure and the attribution of the information gap to Garg's own advisors — are material to how shareholders assess the credibility of Garg's campaign.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.6% of the 1609 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BETR was trading at $12.16 on NASDAQ in the Finance sector, with a market capitalization of approximately $231.2M. The 52-week trading range was $11.11 to $92.69. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.