---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-216637"
form_type: "8-K"
ticker: "NRDY"
cik: "0001819404"
company_name: "Nerdy Inc."
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:24:42.790643+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nerdy commences exchange offer for public warrants and consent solicitation to simplify capital structure

## Summary
- 0.250 shares of Class A per public warrant tendered; non-tendered warrants forced at 0.225 shares.
- Private warrant holders (95% consented) agree to exchange at same ratio; private B warrants cashless exercise.
- Earnout holders (93% of 8M shares/units) forfeit 60% of earnout equity; remaining 40% vest unconditionally upon closing.
- Net dilution impact less than 0.1% of fully diluted shares; purpose to reduce warrant overhang.
- Offer commenced August 21, 2023; ~58% of public warrant holders already agreed to tender.

## SEC filing metadata
- accession: 0001193125-23-216637
- form_type: 8-K
- ticker: NRDY
- cik: 0001819404
- company_name: Nerdy Inc.
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819404/000119312523216637/0001193125-23-216637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000119312523216637/d541703d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-216637
- JSON: https://secwatch.observer/filing/0001193125-23-216637.json
- Plain text: https://secwatch.observer/filing/0001193125-23-216637.txt

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