Nerdy(NRDY) received a notification from the New York Stock Exchange(NYSE) on March 5, 2026, that its stock price fell below $1.00, violating regulations. Nerdy informed the NYSE on March 6, 2026, of its plans to address the issue and indicated that it might consider measures including a reverse stock split. Such measures require shareholder approval before the 2027 annual shareholders' meeting. Its Class A common stock will continue to be traded on the NYSE during the remedial period. As of December 31, 2025, Nerdy’s cash and cash equivalents totaled $47.9 million, and cash inflows from existing loans support its liquidity.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin