secwatch.observer — SEC 8-K summary
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Issuer:     Coursera, Inc. (COUR)
CIK:        0001651562
Form:       8-K
Filed at:   2026-05-11T13:16:18+00:00
Accession:  0001140361-26-020399
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 2.01, 3.03, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coursera completes acquisition of Udemy; combined revenue >$1.5B, $115M cost synergies targeted
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- Each Udemy share exchanged for 0.800 Coursera shares; Coursera stockholders own ~59%, Udemy ~41% on fully diluted basis.
- Combined 2025 revenue exceeds $1.5B; expects run-rate cost synergies of $115M within 24 months, majority in first year.
- Plans to announce share repurchase program within two weeks; Coursera continues on NYSE under 'COUR', Udemy delisted.
- Board expanded to nine directors; three new directors from Udemy (Abbasi, Maco, Paterson); three Coursera directors resigned.
- Charter amendment increased authorized shares from 300M to 600M to facilitate merger consideration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1651562/000114036126020399/0001140361-26-020399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1651562/000114036126020399/ef20072971_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-020399

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