Please wait



Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
Checkbox not checked   Rule 13d-1(c)
Checkbox not checked   Rule 13d-1(d)


SCHEDULE 13D/A 0001193125-23-227730 0001065521 XXXXXXXX LIVE 2 Class A Common Stock, par value $0.0001 per share 04/28/2025 false 0001835856 08774B508 Better Home & Finance Holding Co 1 World Trade Center 285 Fulton Street, 80th Floor, Suite A New York NY 10007 Stephen Lam 44 0207 629 0431 69 Grosvenor St. Mayfair, London X0 W1K 3JP 0001065521 N SoftBank Group Corp. OO N M0 0.00 1254813.00 0.00 1254813.00 1254813.00 N 12.8 CO 0001990707 N SVF II Beaver (DE) LLC OO N DE 0.00 1241313.00 0.00 1241313.00 1241313.00 N 12.6 OO 0001883900 N SVF II Holdings (DE) LLC OO N DE 0.00 1241313.00 0.00 1241313.00 1241313.00 N 12.6 OO 0001883559 N SVF II Aggregator (Jersey) L.P. OO N Y9 0.00 1241313.00 0.00 1241313.00 1241313.00 N 12.6 PN 0001787613 N SoftBank Vision Fund II-2 L.P. OO N Y9 0.00 1241313.00 0.00 1241313.00 1241313.00 N 12.6 PN 0001883884 N SB Global Advisers Limited OO N X0 0.00 1241313.00 0.00 1241313.00 1241313.00 N 12.6 CO 0001818296 N SB Northstar LP OO N E9 0.00 13500.00 0.00 13500.00 13500.00 N 0.1 PN 0001991269 N Silver Brick Management PTE. LTD. OO N U0 0.00 13500.00 0.00 13500.00 13500.00 N 0.1 CO Class A Common Stock, par value $0.0001 per share Better Home & Finance Holding Co 1 World Trade Center 285 Fulton Street, 80th Floor, Suite A New York NY 10007 EXPLANATORY NOTE This Amendment No. 2 ("Amendment No. 2") amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission (the "SEC") on September 1, 2023 (as amended to date, the "Schedule 13D"), relating to the shares of Class A Common Stock, par value $0.0001 per share (the "Class A Common Stock"), of Better Home & Finance Holding Company, a Delaware corporation (the "Issuer"). Capitalized terms used herein without definition shall have the meanings set forth in the Schedule 13D. Exchange of Convertible Notes On April 28, 2025, pursuant to the terms of the Exchange Agreement and as previously disclosed, the Exchange Agreement closed. As a result, SB Northstar LP exchanged the Convertible Notes for the Senior Secured Notes and $110,000,000 in cash consideration. The information contained on the cover pages is incorporated by reference to this Item 5. All share numbers presented herein reflect a 1-for-50 reverse stock split effected by the Issuer on August 16, 2024. The information presented herein sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Class A Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 9,211,349 shares of Class A Common Stock outstanding as of March 10, 2025, as disclosed in the Issuer's Annual Report on Form 10-K filed with the SEC on March 19, 2025. The calculations presented herein assumes, as applicable, (i) the conversion of all shares of Class B Common Stock and Class C Common Stock by SVF II Beaver (DE) LLC and (ii) the exercise of the Warrants by SB Northstar LP. SVF II Beaver (DE) LLC is the record owner of (i) 628,553 shares of Class A Common Stock, (ii) 137,545 shares of Class A Common Stock underlying Class B Common Stock that are currently convertible and (ii) 475,215 shares of Class A Common Stock underlying Class C Common Stock that are currently convertible. SB Northstar LP is the record owner of 13,500 shares of Class A Common Stock underlying the Warrants that are currently exercisable. SoftBank, which is a publicly traded company listed on the Tokyo Stock Exchange, is the sole shareholder of SBGA, which has been appointed as manager and is responsible for making final decisions related to the acquisition, structuring, financing and disposal of SoftBank Vision Fund II-2 L.P.'s investments, including as held by SVF II Beaver (DE) LLC. SoftBank Vision Fund II-2 L.P. is the sole limited partner of SVF II Aggregator (Jersey) L.P., which is the sole member of SVF II Holdings (DE) LLC, which is the sole member of SVF II Beaver (DE) LLC. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by SVF II Beaver (DE) LLC. SoftBank is the parent company of Silver Brick Management PTE. LTD., which has been appointed as investment manager of SB Northstar LP and is responsible for making voting and investment decisions with respect to SB Northstar LP's investments. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by SB Northstar LP. The information contained on the cover pages is incorporated by reference to this Item 5. Except as otherwise disclosed herein, during the past 60 days, none of the Reporting Persons nor Related Persons has effected any transactions in the Class A Common Stock. None. Not applicable. SoftBank Group Corp. /s/ Yuko Yamamoto Yuko Yamamoto, Head of Corporate Legal Department 04/30/2025 SVF II Beaver (DE) LLC /s/ Jonathan Duckles Jonathan Duckles, Director 04/30/2025 SVF II Holdings (DE) LLC /s/ Jonathan Duckles Jonathan Duckles, Director 04/30/2025 SVF II Aggregator (Jersey) L.P. /s/ Michael Johnson Michael Johnson, Director 04/30/2025 SoftBank Vision Fund II-2 L.P. By: SB Global Advisers Limited, its Manager, /s/ Stephen Lam Stephen Lam, General Counsel 04/30/2025 SB Global Advisers Limited /s/ Stephen Lam Stephen Lam, General Counsel 04/30/2025 SB Northstar LP /s/ Stephen Lam Stephen Lam, Director 04/30/2025 Silver Brick Management PTE. LTD. /s/ Kozo Aramaki Kozo Aramaki, Director 04/30/2025