secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2026-08-14T20:37:02+00:00
Accession:  0001819404-26-000085
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000181940426000085/0001819404-26-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000181940426000085/nrdy-20260813.htm
  HTML page:      https://secwatch.observer/filing/0001819404-26-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer