Better.com’s share price stumbles on Nasdaq debut
The New York-based digital mortgage lender went public through a SPAC merger this week.
The New York-based digital mortgage lender went public through a SPAC merger this week.
According to an SEC filing, the merger is set to close “on or about” 22 August 2023.
The announcement was made by the company’s interim president Kevin Ryan via an e-mail to affected staff.
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CEO Vishal Garg says he “blundered the execution” following a barrage of criticism.
The CPO joined Better in 2017 from Goldman Sachs.
Better claims to have funded $25bn in home loans since 2016.