Mortgage lender Better Home rises after $75 mln stock sale filing

Shares of mortgage lender Better Home & Finance BETR.O up 2.5% premarket to $54.32 after it unveiled planned equity raise

New York-based firm files up to $75 mln ATM ("at-the-market") stock offering with Cantor and BTIG as managers

It plans to use net proceeds from any sales for general corp purposes

With 15.3 mln shares outstanding, co has about $810 mln market cap

BETR shares roughly doubled in value over first two sessions last week after hedge fund manager Eric Jackson called co "the Shopify of mortgages" on X.com and said his firm EMJ Capital is long on the stock

Shares rocketed as high as $94.06 last Mon

In Apr, BETR announced debt restructuring deal with Japan's SoftBank 9984.T when its stock had closed at $10.28 the session prior

BETR, which went public in 2023 after a SPAC merger, hit the headlines in Dec 2021 after it laid off 900 employees via Zoom

Meme darling Opendoor Technologies OPEN.O saw its stock more than triple in Jul after bullish posts from Jackson