Better Says Garg Extends Consent Deadline to Oct 2; ISS and Glass Lewis Back Current Board
BETR is trading near its 52-week low of $11.111 (9.6% above the low).
Summary
Better's Special Committee disclosed that former CEO Vishal Garg extended his consent solicitation deadline to October 2 after failing to secure majority support, and that both ISS and Glass Lewis recommended shareholders back the current Board.
Key Events · Corporate Governance and Compliance · BETR
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Garg Extends Consent Deadline to October 2
Former CEO Vishal Garg again extended his deadline to deliver written consents, this time from September 18 to October 2, after failing to demonstrate the 50.1% support he claimed weeks ago.
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ISS and Glass Lewis Back Current Board
Both leading independent proxy advisory firms rejected the central arguments of Garg's campaign and recommended shareholders support the current Board.
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Special Committee Urges WHITE Card Revocation
The Special Committee unanimously recommends shareholders sign, date, and return the WHITE consent revocation card and disregard any green consent card from Garg.
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Company Claims Minimal Public Shareholder Support for Garg
Better states Garg has failed to demonstrate almost any support from public shareholders beyond a few longtime allies, despite his super-voting stock and over a month of solicitation.
Analysis · BETR · Finance
The proxy fight between Better's Special Committee and former CEO Vishal Garg has entered a new phase. Garg has now extended his consent solicitation deadline for the third time — from September 8 to September 18, and now to October 2 — after failing to deliver the 50.1% support he claimed weeks ago. More importantly, both ISS and Glass Lewis, the two leading independent proxy advisory firms, have recommended that shareholders support the current Board and reject Garg's campaign. That is a significant blow to Garg's effort, since institutional investors often follow those recommendations. The Special Committee is using this filing to publicly pressure Garg to abandon what it calls a 'failed revenge campaign' and to urge shareholders to sign the WHITE consent revocation card. The outcome of this contest will determine control of the Board and the company's strategic direction.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1666 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 $12.18 on NASDAQ in the Finance sector, with a market capitalization of approximately $229.3M. The 52-week trading range was $11.11 to $94.06. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.