Chegg gets NYSE notice after 30-day average share price falls below $1
CHGG•NYSE notice for minimum share price rule
- Chegg received an NYSE notice on July 24, 2026 for failing the $1 minimum share price rule after a 30-trading-day average below $1.
- The stock remains listed during a six-month cure period; compliance requires a month-end close of at least $1 and a 30-day average of at least $1.
- Chegg plans to notify the NYSE of its intent to regain compliance; options include a reverse stock split, subject to board approval.
- Failure to cure could trigger NYSE suspension and delisting procedures.
