Nerdy Announces Receipt of Notice From NYSE

Core Viewpoint - Nerdy Inc. has received a notice from the NYSE regarding non-compliance with listing criteria due to its Class A Common Stock closing price being below $1.00 for a consecutive 30 trading-day period. The company plans to take actions to regain compliance, including the possibility of a reverse stock split [1]. Group 1: NYSE Compliance Notice - On March 5, 2026, Nerdy Inc. was notified by the NYSE of non-compliance with continued listing criteria [1]. - The company intends to cure the stock price deficiency within a six-month period by achieving a closing share price of at least $1.00 [1]. - Possible actions to regain compliance include a reverse stock split, subject to stockholder approval by the 2027 annual meeting [1]. Group 2: Financial Position - As of December 31, 2025, Nerdy Inc. reported cash and cash equivalents of $47.9 million, indicating sufficient liquidity to fund its business and growth initiatives [1]. - The notice from the NYSE is not expected to impact the company's ongoing business operations or its reporting requirements with the SEC [1]. Group 3: Recent Financial Performance - In the fourth quarter of 2025, Nerdy Inc. achieved year-over-year revenue growth and positive non-GAAP adjusted EBITDA, exceeding guidance for both metrics [2]. - The company demonstrated significant operating leverage with over 1,400 basis points improvement in non-GAAP adjusted EBITDA margins year-over-year [2].