Better founder Vishal Garg lines up voting majority to retake control

Vishal Garg, the founder and former CEO of Better Home & Finance Holding Co., is seeking to regain control of the company after securing support from shareholders holding a majority of its voting power. Garg has retained attorney Alex Spiro in connection with the shareholder action, according to an announcement Thursday evening. In a letter delivered to Better’s board, Garg said he has signed declarations from shareholders representing a majority of the company’s voting power in support of the positions outlined in an Aug. 10 letter to Better. The declarations could be used to call a special meeting of shareholders if the board does not make the requested changes. The letter and announcement come just 10 days after it was announced that Daniel Lewis, a board member, would be succeeding Garg as Better’s interim CEO. Garg told HousingWire then that he remained “Better’s founder, a board director, its single largest voting shareholder.” During the same week, Better’s Q2 2026 earnings were released. The company posted an adjusted EBITDA loss of $14 million in the second quarter and expects that loss to rise to between $15 million and $18 million in Q3 2026. In previous earnings rep...