secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2021-07-19T23:59:59+00:00
Accession:  0001193125-21-217972
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TPG Pace & Nerdy amend merger agreement: extend outside date to Aug 31, refine governance & lock-up
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- Outside date extended from ~July 27 to August 31, 2021 for closing the Nerdy business combination.
- Governance: if TPG Pace holds <50% of OpCo, board fixed at 5 managers with specific designees (TPG Pace 2, Charles Cohn 1, TCV 1, Davis VT 1).
- Lock-up revised: Nerdy holders may sell shares to cover income tax costs if redemptions exceed threshold needed to keep TPG Pace >50% ownership.
- Second Amendment to Business Combination Agreement signed July 14, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312521217972/0001193125-21-217972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312521217972/d162069d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-217972

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