Garg Amends Stake in Better Home & Finance

TL;DR

Vishal Garg updated his 13D filing for Better Home & Finance. Watch for more details.

AI Summary

Vishal Garg, through entities including 1/0 HOLDCO, LLC and 1/0 REAL ESTATE, LLC, has amended their Schedule 13D filing for Better Home & Finance Holding Co. as of April 8, 2024. This amendment pertains to their beneficial ownership of the company's Class A Common Stock. The filing indicates a change in reporting, but specific details on the nature of the change or the exact percentage of ownership are not immediately clear from this excerpt.

Why It Matters

This filing signals a potential shift in control or strategy for Better Home & Finance Holding Co., as a major beneficial owner has updated their disclosure with the SEC.

Risk Assessment

Risk Level: medium — Amendments to 13D filings can indicate significant changes in a major shareholder's intentions, potentially impacting stock price and company direction.

Key Players & Entities

• Vishal Garg (person) — Filer and beneficial owner
• Better Home & Finance Holding Co (company) — Subject company
• 1/0 HOLDCO, LLC (company) — Group member and filer
• 1/0 REAL ESTATE, LLC (company) — Group member and filer
• Aurora Acquisition Corp. (company) — Former company name
• Aurora Capital Holding Corp. (company) — Former company name

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d689639dsc13da.htm (SC 13D/A) — 87KB
• 0001193125-24-089852.txt ( ) — 89KB

is hereby supplemented and restated in its entirety with the following information

Item 2 is hereby supplemented and restated in its entirety with the following information: This Schedule 13D is filed jointly by (i) Vishal Garg, (ii) 1/0 Real Estate, LLC, (iii) 1/0 Holdco, LLC and (iv) The 718 4Ever Trust I (collectively, the Reporting Persons and each, a Reporting Person ). Mr. Garg is the controlling member of 1/0 Holdco, LLC and 1/0 Real Estate, LLC is wholly-owned by 1/0 Holdco, LLC. Mr. Garg is the investment adviser of The 718 4Ever Trust I, and members of Mr. Gargs immediate family are the sole beneficiaries of such trust. Mr. Garg, an individual and citizen of the United States of America, is Chief Executive Officer and member of the Board of Directors of the Issuer. The principal business address of Mr. Garg is 3 World Trade Center, 175 Greenwich Street, 57 th Floor, New York, New York 10007. The principal business address of both 1/0 Real Estate, LLC and 1/0 Holdco, LLC is 1 World Trade Center, 85 th Floor, New York, New York 10007. During the last five years, none of the Reporting Persons has been: (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. 6 Item5. Interest in Securities of the Issuer

is hereby amended, restated and supplemented in its entirety with the following information

Item 5 is hereby amended, restated and supplemented in its entirety with the following information: (a) - (b) Mr. Garg has beneficial ownership of 95,798,228 shares of the Class B Common Stock, which may be converted into the same number of shares of Class A Common Stock, representing beneficial ownership of 19.7% of outstanding Class A Common Stock, on an as converted basis, and 12.7% of the aggregate outstanding Common Stock, respectively, in each case as of March 13, 2024. The percentage of the Class A Common Stock and the aggregate outstanding Common Stock is based upon (a) 391,152,585 shares of Class A Common Stock, (b) 292,894,465 shares of Class B Common Stock and (c) 71,877,283 shares of Class C Common Stock outstanding as of March 13, 2024, as disclosed in the Issuers annual report on Form 10-K filed with the SEC on April 8, 2024. Class B Common Stock and Class C Common Stock, which are not registered under the Exchange Act, each are convertible into shares of Class A Common Stock on a share-for-share basis. 1/0 Real Estate, LLC has beneficial basis, and 0.9% of the aggregate outstanding Common Stock, respectively, in each case as of March 13, 2024. The percentage of the Class A Common Stock and the aggregate outstanding Common Stock is based upon the share information described in the immediately preceding paragraph. Class B Common Stock and Class C Common Stock, which are not registered under the Exchange Act, each are convertible into shares of Class A Common Stock on a share-for-share basis. 1/0 Real Estate, LLC is wholly-owned by 1/0 Holdco, LLC. As a result, 1/0 Holdco, LLC has beneficial ownership of the Class A Common Stock described in the immediately preceding paragraph. Mr. Garg is the controlling member of 1/0

View Full Filing

View this SC 13D/A filing on SEC EDGAR