Chegg to exchange $438.3M of 0% convertible notes for cash; close expected Sept 2

CHEGG, INC

Exchanges $438.3M aggregate principal amount of 0% Convertible Senior Notes due 2026 for cash based on VWAP of CHGG stock.
Cash consideration calculated using volume-weighted average price over two-day measurement period starting August 29, 2022.
Transaction expected to close on September 2, 2022, subject to customary conditions.
Privately negotiated exchange with certain holders; reduces outstanding debt and potential dilution from conversion.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.