UDMY shares no longer trade; holders now own COUR shares. Monitor Coursera's post-merger integration and earnings for stock performance. No further SEC filings from Udemy as a public company expected.
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Executive Summary
Udemy completed its merger with Coursera on May 11, 2026, becoming a wholly-owned subsidiary. Each Udemy share was converted into 0.800 shares of Coursera common stock, with the exchange ratio based on Coursera's $4.78 average closing price for the five days prior. Udemy stock has been delisted from Nasdaq and will be deregistered.
Key Facts
- Merger closed on May 11, 2026 as per Agreement and Plan of Merger dated December 17, 2025.
- Each share of Udemy common stock converted into 0.800 shares of Coursera common stock.
- Merger consideration value based on $4.78 average closing price of Coursera stock for five trading days prior to closing.
- Udemy's $200 million secured revolving credit facility was terminated with no outstanding loans.
- Udemy's board of directors resigned and new directors appointed for the surviving corporation.
- Udemy common stock delisted from Nasdaq; Form 25 to be filed to effect delisting, followed by Form 15 to terminate registration.
Financial Impact
Udemy shareholders receive Coursera stock valued at approximately $3.824 per Udemy share (0.800 × $4.78).
Risk Factors
- Post-merger integration risk for Coursera could affect COUR stock value.
- Potential dilution from assumed Udemy equity awards converted to Coursera RSUs.
- Loss of Udemy's standalone public company reporting and liquidity.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-020398 |
| Document: ef20072946_8k.htm | 0001140361-26-020398 |
| Document: ef20072946_ex3-1.htm | 0001140361-26-020398 |
| Document: 0001140361-26-020398-index-headers.html | 0001140361-26-020398 |
| Document: 0001140361-26-020398-index.html | 0001140361-26-020398 |
| Document: 0001140361-26-020398.txt | 0001140361-26-020398 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 11, 2026 16w ago | Institutional Cluster | — | awaiting T+1 | — | — |
Jun 11, 2026 16w ago | Institutional Cluster | — | awaiting T+1 | — | — |
May 21, 2026 19w ago | 15-12G | — | awaiting T+1 | — | — |
May 11, 2026 20w ago | 25-NSE | $4.63 $4.63 | · 0.00% | ▲ +0.14% | — |
May 11, 2026 20w ago | 8-K | $4.63 $4.63 | · 0.00% | ▲ +0.14% | — |
Apr 10, 2026 25w ago | 10-K/A | $4.61 $4.75 | ▲ +3.04% | ▲ +1.83% | — |
US Market Status
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