Chegg Announces Repurchase of 0% Convertible Senior Notes Due 2026

Core Viewpoint - Chegg, Inc. has announced a repurchase agreement for approximately $8.9 million of its outstanding 0% Convertible Senior Notes due 2026, with a cash repurchase price of about $8.3 million, as part of its securities repurchase program [1] Group 1: Repurchase Transactions - The notes repurchase transactions are expected to close on December 30, 2025, pending customary closing conditions [1] - After the completion of the repurchase, approximately $53.9 million of the Notes will remain outstanding [1] - Chegg will have approximately $141.8 million available under its securities repurchase program following the transactions [1] Group 2: Company Overview - Chegg is a learning platform focused on the skilling market, which is valued at $40 billion and is growing [3] - The company provides tools for workplace readiness, professional upskilling, and language learning, along with AI-driven personalized support for students [3] - Chegg is publicly traded on the NYSE under the symbol CHGG and is based in Santa Clara, California [3]