Better Home & Finance Holding Co (NASDAQ:BETR) major shareholder Tor Bjorgolfsson recently sold $191,855 worth of stock. The transactions, which took place on December 2 and 3, involved the sale of Class A common stock at prices ranging from $13.75 to $14.709 per share.
Björgolfsson, who is identified as a 10 percent owner of the company, made those sales through entities he controls, including Novator Capital Sponsor Ltd., NaMa Capital Limited and Livenandro Holdings Limited. Following these transactions, the total number of shares owned by these entities has been adjusted accordingly. According to InvestingProBETR’s current market cap is $201.8 million, with the company exhibiting weak financial health ratings.
The sales were disclosed in a Form 4 filing with the Securities and Exchange Commission, detailing the nature and extent of Björgolfsson’s indirect ownership through various trusts and companies. InvestingPro analysis shows that the stock is currently overvalued, with additional metrics and information available to subscribers.
In other recent news, Better Home & Finance Holding Co has regained compliance with Nasdaq’s minimum offering price requirements, avoiding a potential delisting. This development was confirmed in a recent 8-K filing with the Securities and Exchange Commission. The Company’s common stock managed to maintain a closing price of $1.00 or higher for 10 consecutive business days, from August 19 to August 30, 2024. This achievement is significant as it marks the end of the firm’s compliance issue with Nasdaq, ensuring the smooth trading of its common stock and warrants on the Nasdaq Stock Market. It should be noted that this successful compliance follows a notice from Nasdaq on October 12, 2023 highlighting a deficiency under Listing Rule 5550(a)(2). These are some of the latest developments from Better Home & Finance Holding Co.
This article was powered by AI and reviewed by an editor. For more information, see our Terms and Conditions.
