{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-045860","form_type":"8-K","ticker":"COUR","cik":"0001651562","company_name":"Coursera, Inc.","filed_at":"2025-12-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.049194+00:00","generated_at":"2026-05-16T12:55:33.190423+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Coursera to acquire Udemy in all-stock merger; exchange ratio of 0.800","bullets":["Udemy shareholders receive 0.800 shares of Coursera common stock per share; fractional shares paid in cash.","Transaction requires stockholder approval from both companies; Coursera to amend charter to increase authorized shares.","Termination fee of $40.5M payable by breaching party; $8.0M expense reimbursement if stockholder approvals not obtained.","Voting agreements: Insight Venture Partners (~26% of Udemy) and NEA/Andrew Ng (~12% of Coursera) commit to vote for deal.","Post-closing board of 9 directors (6 from Coursera, 3 from Udemy); Coursera CEO remains."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-045860","json":"https://secwatch.observer/filing/0001140361-25-045860.json","markdown":"https://secwatch.observer/filing/0001140361-25-045860.md","text":"https://secwatch.observer/filing/0001140361-25-045860.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1651562/000114036125045860/0001140361-25-045860-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1651562/000114036125045860/ef20061445_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:55:33.190423+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"caa7b238097d8686b22f9ce2cdb6663702f0131c","claim":"Coursera, Inc. entered into Agreement and Plan of Merger with Udemy, Inc. valued at each share of Udemy common stock converted into 0.800 shares of Coursera common stock (effective 2025-12-17).","evidence_excerpt":"On December 17 , 2025, Coursera, Inc. (the “ Company ” or “ Coursera ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Udemy, Inc. (“ Udemy ”) and Chess Merger Sub, Inc., a direct wholly owned subsidiary of Coursera (“ Merger Sub ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1651562/000114036125045860/0001140361-25-045860-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Udemy, Inc."},{"label":"Value","value":"each share of Udemy common stock converted into 0.800 shares of Coursera common stock"},{"label":"Effective","value":"2025-12-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}