Thor Bjorgolfsson, a significant shareholder of Better Home & Finance Holding Co (NASDAQ:BETR), has recently sold a substantial portion of his holdings. According to a filing with the Securities and Exchange Commission, Bjorgolfsson disposed of shares worth approximately $454,931. The sales occurred over two days, with stock prices ranging from $12.501 to $13.25 per share.
After these transactions, Bjorgolfsson retains ownership of 886,162 shares, held indirectly through various entities. The sales were conducted through Novator Capital Sponsor Ltd., a Cyprus-based company over which Bjorgolfsson is reported to have control, although he disclaims beneficial ownership of the shares. For deeper insights into insider transactions and comprehensive financial analysis, including exclusive ProTips and Fair Value calculations, visit InvestingPro.
In other recent news, Better Home & Finance Holding Co has successfully regained compliance with Nasdaq's minimum bid price requirement, as indicated in a recent 8-K filing with the Securities and Exchange Commission. The company had been facing potential delisting due to its stock price falling below the $1.00 threshold. For ten consecutive business days, from August 19 to August 30, 2024, the closing bid price of Better Home & Finance's common stock remained at or above $1.00. This development marks the end of the company's compliance issue with Nasdaq and eliminates the risk of delisting. The trading of Better Home & Finance's common stock and warrants will continue on The Nasdaq Stock Market without interruption. These are the recent developments pertaining to Better Home & Finance's financial standing.
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