Nerdy receives NYSE non-compliance notice; average stock price below $1.00 for 30 days

Nerdy Inc.

NYSE notified Nerdy on Nov 12, 2024 that its avg closing price was <$1.00 over 30 consecutive trading days.
Company has six months to cure; can regain if closing price ≥$1.00 at month-end and 30-day avg ≥$1.00.
Alternatives include a reverse stock split, subject to stockholder approval at next annual meeting.
Stock continues trading on NYSE; no immediate impact on business operations or SEC reporting.
Ended Q3 2024 with $65M cash and no debt; company believes liquidity is sufficient.

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