Coursera board adopts one-year stockholder rights plan
COUR•Coursera’s board unanimously adopted a rights plan effective immediately after a stockholder accumulated approximately 14.7% of its outstanding common stock. The plan generally triggers at 15% ownership, and the rights expire November 7, 2027, unless terminated earlier by the board.
1. Rights plan details
Coursera’s board unanimously adopted a limited-duration stockholder rights plan, effective immediately, in response to a stockholder’s accumulation of approximately 14.7% of outstanding common stock. One right per outstanding common share will be distributed November 19, 2026; the plan generally triggers at 15% beneficial ownership. Eligible holders could buy common stock at a 50% discount or receive one common share per right through an exchange. The rights expire November 7, 2027, unless the board terminates the plan earlier.
