regulatory
confidence high
sentiment negative
materiality 0.75
Chegg receives NYSE delisting notice for stock price below $1.00
CHEGG, INC
- NYSE notified Chegg on April 1, 2025 that its avg closing share price was <$1.00 over 30 trading days.
- Chegg has a six-month cure period to regain compliance; may pursue a reverse stock split if needed.
- Stock continues trading on NYSE during cure period; failure to comply may lead to suspension/delisting.
- Chegg intends to notify NYSE of its plan to cure and will monitor share price throughout the period.