Nerdy Inc. received NYSE notice on March 5, 2026, for non-compliance with continued listing criteria under Section 802.01C due to average closing price of Class A Common Stock below $1.00 over 30 trading days. The Company intends to cure within six months, considering alternatives like reverse stock split, with stock continuing to trade on NYSE.
Key takeaways
NYSE notice received March 5, 2026, for average closing price < $1.00 over 30 trading days
Non-compliance with Section 802.01C of NYSE Listed Company Manual
Six-month cure period; compliance if closing and 30-day average ≥ $1.00 at month-end
Intends to consider reverse stock split subject to 2027 annual meeting approval
Cash and equivalents $47.9 million as of December 31, 2025
No impact on business operations, SEC reporting, or term loan