Chegg receives NYSE continued listing standard notice
Chegg was notified by the New York Stock Exchange on July 24, 2026, that it is not in compliance with the NYSE's minimum share price continued listing standard after its average closing price fell below $1.00 over 30 trading days. Shares remain listed during a six-month cure period while the company plans to regain compliance.
Key Takeaways
- Chegg (NYSE: CHGG) received an NYSE notice on July 24, 2026 for failing Section 802.01C's minimum share price rule.
- The average closing price of Chegg common stock was under $1.00 over the 30 trading days ending July 23, 2026.
- The stock stays listed and trading on the NYSE during a six-month cure period, with no immediate delisting impact.
- Chegg may pursue options to regain compliance, including a reverse stock split if needed and approved by its board.
- This notice is separate from a December 2025 NYSE price notice that Chegg cured by the end of May 2026.
Why did Chegg receive an NYSE continued listing notice?
According to the company's announcement, Chegg, Inc., a San Francisco-based learning and workforce skilling firm trading as CHGG, said the NYSE notified it on July 24, 2026 that it was not in compliance with Section 802.01C of the NYSE Listed Company Manual.
That rule was triggered because the average closing share price of Chegg common stock was less than $1.00 over a consecutive 30 trading-day period ending on July 23, 2026. Full details appear in the Yahoo Finance report of the Business Wire release.
Chegg also noted the warning is separate from an earlier NYSE notice in December 2025 about the same minimum share price requirement. The company said it subsequently cured that earlier issue and regained compliance at the end of May 2026.
How can Chegg regain NYSE listing compliance?
As required by the NYSE, Chegg said it intends to notify the exchange in a timely way of its intent to regain compliance with the minimum share price requirement. Options may include, if necessary, a reverse stock split, subject to approval by Chegg's board of directors.
Under NYSE rules cited by the company, Chegg can regain compliance at any time within the six-month period after the notice if, on the last trading day of any calendar month in the cure window, its common stock has a closing price of at least $1.00 and an average closing price of at least $1.00 over the 30 trading-day period ending on that day.
Chegg said it will keep monitoring its closing share price through the cure period and evaluate available options to fix the deficiency. Readers tracking broader market and asset stories can also browse BlasterPost's Luxury Real Estate & Dream Homes coverage hub.
Will Chegg shares still trade on the NYSE?
Yes, for now. Chegg said the notice has no immediate impact on the listing of its common stock. Shares will continue to be listed and trade on the NYSE during the six-month cure period, provided the company also meets the exchange's other continued listing standards.
If Chegg fails to regain compliance with the minimum share price requirement, its common stock would be subject to the NYSE's suspension and delisting procedures. TradingView's summary of the related SEC disclosure likewise noted the stock remains listed while the company considers cure options, including a possible reverse split.
Chegg described itself as focused on skilling tools for workplace readiness, professional upskilling, and language learning, while still offering AI-driven student support. The company trades on the NYSE under the symbol CHGG.