Better Announces 1-for-50 Reverse Stock Split Effective August 16, 2024
Better Announces 1-for-50 Reverse Stock Split Effective August 16, 2024
Better today 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, 2024, 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, 2024, the Company's Board of Directors approved a 1-for-50 reverse stock split ratio.
Better宣布将以1股拆股并股的比例对其普通股进行拆股。在2024年6月4日召开的公司股东年会上，公司股东批准了将公司的修正后的公司章程授权为一项或多项修正，以对公司的A类普通股、B类普通股和C类普通股每股价值0.0001美元进行一项或多项拆股，比例范围为1比2到1比100之间的任何整数，并总额不超过100之一，由公司董事会自行决定。在2024年8月1日，公司董事会批准1股拆股并股的比例。
The reverse stock split is expected to become effective at 6:00 p.m. New York Time on Friday, August 16, 2024. 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, 2024.
拆股并股预计在2024年8月16日晚上6点（纽约时间）生效。预计公司的A类普通股将在2024年8月19日星期一开市时开始以拆分调整的基础进行交易。