Nerdy IncNRDY
± MixedCapitalrelevance
Reverse stock split to meet NYSE listing requirement; no direct operational impact.
Impact on stocks 1
Artificial Intelligence
Nerdy IncNerdy announced a 1-for-15 reverse stock split of its Class A and Class B common stock, effective August 19. The reverse split will reduce the number of outstanding Class A shares from approximately 127.9 million to about 8.5 million. The move is intended to raise the per-share price of the Class A stock to meet the New York Stock Exchange's minimum average closing price requirement for continued listing.
Nerdy IncReverse stock split to meet NYSE listing requirement; no direct operational impact.