Nerdy announces 1-for-15 reverse stock split effective Aug 19 to regain NYSE compliance

Nerdy Inc.

Stockholders approved reverse split at Aug 13, 2026 special meeting: 148,505,852 for, 3,646,654 against, 182,251 abstain.
1-for-15 split effective 12:01 a.m. ET Aug 19, 2026; Class A begins trading split-adjusted under NRDY with new CUSIP 64081V208.
Class A shares outstanding drop from ~127.9M to ~8.5M; authorized shares and par value unchanged.
Purpose: raise per-share price to satisfy NYSE minimum average closing price requirement for continued listing.
Fractional shares paid in cash; proportionate adjustments to outstanding equity awards and exercise prices.

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