Chegg Plans Reverse Split to Restore NYSE Listing

Chegg received a New York Stock Exchange notice stating its average closing share price fell below $1.00 for a 30-trading-day period ending July 23, 2026, triggering a potential noncompliance with continued listing standards. The company confirmed it is not in compliance and will seek to regain compliance within a six‑month cure period, potentially by a reverse stock split if approved by its board. Trading will continue during the cure period, and Chegg will monitor the stock price monthly to determine if it meets the required thresholds. This notice follows a December 2025 warning that Chegg had previously remedied to regain compliance by May 2026, underscoring renewed pressure on its market valuation. If Chegg fails to restore its price above $1.00 on a sustained basis, a suspension and delisting could occur, which could weigh on investor confidence and broader stakeholder sentiment. Chegg is a global learning and workforce skilling company, and investors will be watching for updates on whether the company can implement a reverse split or other measures to restore listing compliance.