Chegg IncCHGG
▲ PositiveCapitalrelevance
Regained NYSE compliance and decided not to proceed with reverse stock split, removing delisting risk.
Impact on stocks 1
Artificial Intelligence
Chegg IncChegg shares rose over 5% premarket on Wednesday after the company received notification from the NYSE confirming it had regained compliance with the continued listing standard related to minimum share price. The company also announced it has determined not to proceed with a reverse stock split at this time. The board believes maintaining Chegg’s current capital structure is appropriate given the return to compliance, while retaining flexibility to effect a reverse stock split in the future should circumstances warrant.
Chegg IncRegained NYSE compliance and decided not to proceed with reverse stock split, removing delisting risk.