Chegg was notified by the New York Stock Exchange on July 24, 2026 that it was out of compliance with the exchange’s minimum share price requirement. The notice came after Chegg’s average closing share price stayed below $1.00 for 30 straight trading days, ending on July 23, 2026.
The notice does not force the stock off the NYSE right away. Chegg’s common stock will keep trading during a six-month cure period, and the company said it plans to tell the exchange on time that it intends to regain compliance with Section 802.01C.
That means Chegg now has until the end of the cure window to get back above the threshold and stay there long enough to satisfy the rule. To do that, the stock must close at at least $1.00 and also post an average closing share price of at least $1.00 over a 30 trading-day period ending on the last trading day of a calendar month during the cure period.
Chegg said it may consider a reverse stock split, but only if its board of directors approves one. That is the same broad tool many companies use when a share price has spent too long below an exchange minimum, though the company has not said yet whether it will take that step.
The new notice is not Chegg’s first run-in with the rule. The company said it previously cured a similar notice received in December 2025 and regained compliance at the end of May 2026, only to be notified again on July 24 for the same type of problem. The exchange notice is separate and distinct from the earlier one, which makes the repeat warning harder to dismiss as a one-off move.
For now, the stock remains listed and can continue to trade on the NYSE, as long as Chegg meets the exchange’s other continued listing standards. If it fails to regain compliance within the six-month period, the company’s common stock will move into suspension and delisting procedures. The next step is not whether Chegg has time. It does. The question is whether it can use that time to lift the price and keep it there.
