Nerdy Inc. implemented a 1-for-15 reverse stock split for its Class A and Class B common stock. The split becomes effective at the market open on August 19, 2026. Class A shares will continue trading under the existing ticker NRDY on a split-adjusted basis.
The consolidation reduces the number of outstanding Class A shares from approximately 127.9 million to about 8.5 million. This action aims to raise the per-share trading price to regain compliance with New York Stock Exchange listing standards.
The company received a non-compliance notice in March 2026 after its stock traded below $1.00 for an extended period. Stockholders entitled to fractional shares will receive cash payments instead of new equity.