---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-282190"
form_type: "8-K"
ticker: "NRDY"
cik: "0001819404"
company_name: "Nerdy Inc."
filed_at: "2021-09-24T23:59:59+00:00"
generated_at: "2026-06-29T01:37:11.477761+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nerdy Inc. completes de-SPAC merger with Nerdy LLC; $336.8M cash + equity consideration

## Summary
- Legacy Nerdy holders received $336.8M cash, 18.58M Class A shares, 392,580 warrants, and 76.73M OpCo Units.
- PIPE Financing: 15M Class A shares sold for $150M; FPA Financing: 16.12M shares + 3M warrants for $150M.
- 16.32M public shares redeemed for ~$163.2M at $10.00 per share; remaining trust proceeds used for merger.
- Post-close ownership: public 17.2%, sponsor 8.7%, PIPE 9.0%, FPA (ex-sponsor) 8.0%, Legacy Nerdy 57.1%.
- Company operates through OpCo; board of managers includes 3 designees from Nerdy Inc., 2 from non-company members.

## SEC filing metadata
- accession: 0001193125-21-282190
- form_type: 8-K
- ticker: NRDY
- cik: 0001819404
- company_name: Nerdy Inc.
- filed_at: 2021-09-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 1.01, 1.02, 2.01, 9.01, 3.01, 3.03, 4.01, 5.01, 5.02, 5.03, 5.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819404/000119312521282190/0001193125-21-282190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000119312521282190/d194845d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-282190
- JSON: https://secwatch.observer/filing/0001193125-21-282190.json
- Plain text: https://secwatch.observer/filing/0001193125-21-282190.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.