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Update: Better Home & Finance Shares Fall as Ex-CEO Pushes to Remove Five Directors

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(Updates with the latest share movement in the first paragraph and the company's response in the last paragraph.)

Better Home & Finance (BETR) shares fell 2.5% on Tuesday after former chief executive Vishal Garg criticized the company's actions related to his effort to remove five directors from its board.

Garg urged shareholders to submit their consent to support proposals to remove directors Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon and Prabhu Narasimhan, according to a statement.

Garg said, despite the company's efforts, the campaign has already received support from shareholders representing more than 46% of Better's voting power.

He added that he seeks to nominate new independent candidates, including Bing Gordon, David Heidecorn and Steve Sarracino.

Better Home & Finance declined to comment.

Price: $12.11, Change: $-0.31, Percent Change: -2.50%

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