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宣佈將以1股拆股並股的比例對其普通股進行拆股。在2024年6月4日召開的公司股東年會上，公司股東批准了將公司的修正後的公司章程授權爲一項或多項修正，以對公司的A類普通股、B類普通股和C類普通股每股價值0.0001美元進行一項或多項拆股，比例範圍爲1比2到1比100之間的任何整數，並總額不超過100之一，由公司董事會自行決定。在2024年8月1日，公司董事會批准1股拆股並股的比例。
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.
拆股並股預計在2024年8月16日晚上6點（紐約時間）生效。預計公司的A類普通股將在2024年8月19日星期一開市時開始以拆分調整的基礎進行交易。