---
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"
generated_at: "2026-06-10T08:48:40.585059+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Nerdy closes warrant exchange with 97.5% tendered; cancels 60% of earnout shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.03, 5.07, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-242039
- JSON: https://secwatch.observer/filing/0001193125-23-242039.json
- Plain text: https://secwatch.observer/filing/0001193125-23-242039.txt

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