Garg said Better's consent solicitation has surpassed the 50% threshold needed to advance a proposed change to the company's board. If the result is validated, five directors could be removed.
The vote has not yet been finalized. A third-party inspector is reviewing the submitted consents, and Garg said the board would follow the outcome once that verification process is complete.
The dispute centers on governance rather than an ordinary shareholder meeting: a consent solicitation allows investors to register their position in writing. The claimed majority should therefore be treated as preliminary until the inspector confirms the final tally.
The potential board shift would place the outcome of the review at the center of Better's next governance decisions. HousingWire's report on the solicitation said Garg expects the board to honor the verified result.
