Chegg, Inc. Receives NYSE Notice for Low Share Price

What Happened
Chegg, Inc. (CHGG) announced on July 24, 2026 that the New York Stock Exchange notified the company it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of its common stock was below $1.00 over the consecutive 30 trading‑day period ending July 23, 2026. The company filed an 8‑K and issued a press release about the notice (Exhibit 99.1). The notice does not result in immediate delisting; Chegg has a six‑month cure period during which its shares will continue to trade on the NYSE.

Key Details

• NYSE finding: non‑compliance with minimum average closing price requirement (Section 802.01C) for the 30 trading‑day period ending July 23, 2026.
• Cure options: Chegg can regain compliance at any time within six months if on the last trading day of any calendar month its closing price and 30‑day average closing price are both at least $1.00.
• Possible actions: the company may, if necessary and subject to board approval, effect a reverse stock split to meet the minimum price.
• Background: this notice is separate from a December 2025 NYSE notice that Chegg previously cured and regained compliance at the end of May 2026.
• Administrative: the company will monitor its share price and notify the NYSE of its intent to cure; failure to regain compliance could trigger NYSE suspension and delisting procedures.

Why It Matters
This notice signals a listing‑standards deficiency tied to Chegg’s share price. For retail investors, the key points are that Chegg’s stock continues to trade for now, but the company has a limited window to restore the $1.00 average price or take actions (such as a reverse split) that could change share count and per‑share price. If Chegg does not regain compliance within the cure period, the NYSE may begin suspension and delisting procedures, which could materially affect liquidity and the trading venue for the shares.