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Credible takeover attempt by dissidents and imminent vote create significant near-term downside risk if leadership loss occurs; elevated volatility from headlines and potential dilution considerations; historical SPAC governance crises have weighed on share prices until clarity.
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Better.com is roiled by a power struggle after founder Vishal Garg was ousted and interim CEO Daniel Lewis was installed. Garg has lined up shareholders representing 52% of voting power to remove Lewis and the board, with a vote potentially in 10–35 days, creating material near-term volatility for BETR.
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