DelistingJul 24, 2026, 04:17 PM
Chegg receives NYSE delisting notice for sub-$1.00 share price
AI Summary
Chegg, Inc. announced it received a notice from the New York Stock Exchange (NYSE) on July 24, 2026, indicating non-compliance with the minimum share price rule. The company's average closing share price fell below $1.00 for 30 consecutive trading days. Chegg has a six-month period to regain compliance, with potential actions including a reverse stock split, and noted that a similar non-compliance issue in December 2025 was resolved by May 2026.
Key Highlights
- Chegg received a notice from the NYSE on July 24, 2026, for non-compliance with the minimum share price rule.
- The average closing share price was less than $1.00 over a 30 consecutive trading-day period ending July 23, 2026.
- The company has a six-month cure period to regain compliance with the NYSE listing standard.
- Chegg may consider a reverse stock split, subject to board approval, to meet the minimum share price requirement.
- This is a second notice; a similar non-compliance notice in December 2025 was cured by May 2026.
- The notice has no immediate impact on the stock's listing, which will continue to trade on the NYSE during the cure period.
- Failure to regain compliance could result in NYSE suspension and delisting procedures.
Price Impact
More from CHGG