{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-242039","form_type":"8-K","ticker":"NRDY","cik":"0001819404","company_name":"Nerdy Inc.","filed_at":"2023-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.422514+00:00","generated_at":"2026-06-10T08:48:40.585059+00:00","sec_items":["1.01","3.03","5.07","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Nerdy closes warrant exchange with 97.5% tendered; cancels 60% of earnout shares","bullets":["97.5% of outstanding public warrants validly tendered; non-tendered warrants forcibly exchanged at 0.2250 Class A shares each.","All private warrants automatically exchanged/exercised at 0.250 ratio; warrant amendment executed September 26, 2023.","Earnout holders forfeited 60% of 8M earnout shares; remaining 40% vested and no longer subject to forfeiture.","Net result: cancellation of ~19.3M warrants and 4.8M earnout shares; net share count increase of ~20,275 (<0.1%).","Last trading day for public warrants was September 27, 2023; settlement expected by September 28, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-242039","json":"https://secwatch.observer/filing/0001193125-23-242039.json","markdown":"https://secwatch.observer/filing/0001193125-23-242039.md","text":"https://secwatch.observer/filing/0001193125-23-242039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819404/000119312523242039/0001193125-23-242039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819404/000119312523242039/d524047d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T08:48:40.585059+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}