Feb. 24 at 4:33 AM
$BETR ..... Plus: Framwork has to buy almost 700,000 shares of Better to fully redeem their warrants....
Better issued a warrant to Framework for a purchase price of
$0.01, allowing the purchase of up to 211,312 Class A common shares.
Two-Tranche Structure:
Tranche 1: Exercisable at
$27.00 per share, tied to a 4.99% ownership threshold.
Tranche 2: Exercisable at the greater of
$27.00 or 90% of the 30-day Volume Weighted Average Price (VWAP), tied to an 8.98% ownership threshold.
Expiration: The warrants expire on February 17, 2027.
