Better Home & Finance Holding Company (NASDAQ: BETR) announced that its Special Committee of the Board of Directors has withdrawn its challenge to the preliminary report of the independent inspector of elections regarding a consent solicitation initiated by Vishal Garg and other participants.

According to a press release, the Special Committee said it made the decision in the best interests of the company and its stockholders, citing the costs and uncertainty of a prolonged contest.

The Special Committee also issued a statement wishing the company's employees well and expressing hope that the company would thrive.