Better announced that it will effect a reverse stock split of its common stock at a ratio of one post-split share for every 50 pre-split shares. At the company’s annual meeting of stockholders held on June 4, the Company’s stockholders approved the proposal to authorize one or more amendments to the company’s amended and restated certificate of incorporation to effect one or more reverse stock splits of the company’s Class A common stock, Class B common stock and Class C common stock, par value $0.0001 per share, at a ratio ranging from any whole number between 1-for-2 and 1-for-100 and in the aggregate not more than 1-or-100, inclusive, as determined by the company’s board of directors, in its discretion. On August 1, the company’s board of directors approved a 1-for-50 reverse stock split ratio. The reverse stock split is expected to become effective at 6:00 p.m. New York Time on Friday, August 16. The company’s Class A common stock is expected to begin trading on a split-adjusted basis when the market opens on Monday, August 19. The company’s Class A common stock and public warrants will continue to be traded on Nasdaq under the ticker symbols “BETR” and “BETRW,” respectively. Upon effectiveness of the reverse stock split, every 50 shares of the company’s issued and outstanding common stock will be converted automatically into one issued and outstanding share of Class A common stock, Class B common stock and Class C common stock, as applicable.