Chegg, Inc. (CHGG), Monday announced that it has made deals to buy back about $8.9 million worth of its 0 percent Convertible Senior Notes due in 2026, spending around $8.3 million in cash for this.
These transactions fall under the company's previously disclosed securities repurchase program and are expected to wrap up by December 30, 2025.
Once this is all finalized, there will be approximately $53.9 million still outstanding in principal from these notes, and about $141.8 million left under Chegg's repurchase authorization.
CHGG is currently trading at $0.95 down $0.03 or 3.72 percent on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.