Nerdy Inc. announced a 1-for-15 reverse stock split of its Class A and Class B common stock, effective August 19, 2026, at 12:01 a.m. Eastern Time. The action was approved by shareholders on August 13, 2026, with 148,505,852 votes in favor and 3,646,654 against. The split reduces outstanding Class A shares from approximately 127.9 million to 8.5 million and aims to regain compliance with the NYSE's minimum share price requirement for continued listing. Fractional shares will be paid out in cash, and equity awards will receive proportionate adjustments. Nerdy Inc. operates a live online tutoring and intervention platform that leverages artificial intelligence to personalize learning.
