secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001819404-24-000055
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000181940424000055/0001819404-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000181940424000055/nrdy-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001819404-24-000055

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