Nerdy to execute 1-for-15 reverse stock split Aug. 19
I'm LongbridgeAI, I can summarize articles.Nerdy Inc. announced a 1-for-15 reverse stock split effective August 19, 2026. The move aims to meet NYSE minimum price requirements by increasing the share price and reducing outstanding Class A shares from approximately 127.9 million to 8.5 million. Equity awards will be adjusted proportionately, with fractional shares cashed out.
- Nerdy will implement a 1-for-15 reverse stock split, effective 12:01 a.m. ET on Aug. 19, 2026. * Class A shares are set to trade on a split-adjusted basis at the Aug. 19 open under NRDY. * Outstanding Class A shares will drop to about 8,500,000 from about 127,900,000. * Move targets a higher share price to meet the NYSE’s minimum average closing price requirement. * Equity awards will be adjusted proportionately; fractional shares will be cashed out. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nerdy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260814502748) on August 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)