Chegg, Inc. (NYSE: CHGG) received a notice from the New York Stock Exchange on July 24, 2026, stating the company is not in compliance with Section 802.01C of the NYSE Listed Company Manual. The notification was triggered by the company's average closing share price falling below $1.00 over a consecutive 30 trading-day period ending July 23, 2026.

The notice is separate from a similar NYSE notice Chegg received in December 2025, which the company said it cured and regained compliance from at the end of May 2026.

Chegg has six months from receipt of the notice to regain compliance. The company can satisfy the requirement if, on the last trading day of any calendar month during the cure period, its common stock closes at or above $1.00 and maintains an average closing price of at least $1.00 over the prior 30 trading days.

The company stated it intends to notify the NYSE of its plan to regain compliance, which may include a reverse stock split subject to board approval. Chegg's stock will continue to trade on the NYSE during the cure period. If the company fails to regain compliance, its common stock would be subject to NYSE suspension and delisting procedures.