Blend Labs, Inc. entered into an Investment Agreement with Haveli Brooks Aggregrator, L.P. and issued 150,000 shares of Series A Convertible Preferred Stock for $150 million. The Series A Preferred Stock has certain rights and preferences, including conversion rights and voting rights. The Company also issued a warrant to purchase up to 11,111,112 shares of Common Stock. Ann Mather, Ciara Burnham, and Erin Collard will not stand for reelection to the Board, and Bryan E. Sullivan and Eric Woersching have been nominated to serve on the Board. Brian Sheth has been appointed as a director. The Company terminated its Credit Agreement and repaid all outstanding amounts. Supplemental investor materials were posted on the Company's website.