ST. LOUIS--(BUSINESS WIRE)--Nerdy (NYSE: PACE) has announced its financial results for the fourth quarter and full-year fiscal 2020. Please visit the Nerdy investor relations website https://www.nerdy.com/investors to view the fourth quarter and full-year fiscal 2020 shareholder letter. About Nerdy Nerdy is a leading curated direct-to-consumer platform for live online learning. Nerdy’s mission is to transform the way people learn through technology. The Company’s purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Nerdy’s comprehensive learning destination provide

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Record Q3 Total Gross Debt and Equity Commitments of $719.6 Million Record Q3 Total Gross Fundings of $431.1 Million Record Year-to-Date Total Gross Debt and Equity Commitments of $1.69 Billion Record Year-to-Date Total Gross Fundings of $1.07 Billion Record Undistributed Earnings Spillover of $181.7 Million, or $1.57(1) per Ending Shares Outstanding Increased the Company's Quarterly Base Cash Distribution to $0.33 per Share Closed Public Offering of $325.0 Million 2.625% Notes due 2026 Q3 2021 Financial Achievements and Highlights Net Investment Income "NII" of $38.1 million, or $0.33 per share Total Investment Income of $70.2 million Record total gross new debt and equity com

Nerdy to Trade on the NYSE Under the Symbol "NRDY" Nerdy, a leading platform for delivering live online learning, today announced that it has completed its business combination with TPG Pace Tech Opportunities (NYSE:PACE), a publicly traded special purpose acquisition company. The Business Combination was approved on September 14, 2021 by TPG Pace Tech Opportunities' stockholders. Beginning September 21, 2021, Nerdy common stock and warrants will trade on the New York Stock Exchange under the ticker symbols "NRDY" and "NRDY WS", respectively. Chuck Cohn, Founder, Chairman and CEO of Nerdy, commented, "Nerdy has an ambitious mission to transform how people learn, and this transaction sets

TPG Pace Tech Opportunities (NYSE:PACE), a publicly traded special purpose acquisition company, today announced that TPG Pace Tech Opportunities' stockholders voted to approve its proposed business combination with Nerdy (the "Business Combination"), a leading platform for delivering live online learning, with the Business Combination supported by approximately 95% of the shares of TPG Pace Tech Opportunities voted at the general extraordinary meeting of TPG Pace Tech Opportunities stockholders (the "Special Meeting"). The Business Combination is scheduled to close on September 20, 2021 and the common stock and warrants of the combined company are set to begin trading on the New York Stock

TPG Pace Tech Expects All Conditions to Be Met to Complete Business Combination Special Meeting of Stockholders to be Held on September 14, 2021; Business Combination Expected to Close on September 20, 2021 Subject to Final Vote Shares of the Combined Company Expected to Begin Trading on NYSE under the ticker "NRDY" on September 21, 2021 TPG Pace Tech Opportunities (NYSE:PACE), a publicly traded special purpose acquisition company, today announced that it expects all conditions to be met, including minimum cash proceeds, to complete its previously announced business combination with Nerdy, a leading platform for delivering live online learning. Based on the number of public shares submit

New national survey finds that 90% of parents are concerned the current crisis will have long-term impacts on education, up from 63% in 2020 Two-thirds of parents are worried that supporting their children academically has had a negative impact on their own careers Nerdy, the parent company of Varsity Tutors and a leading direct-to-consumer platform for live online learning, today announced the results of its Back to School Parent Sentiment Report. The national survey* examined the mindset of parents heading into the new school year, and found that concerns about the long-term impact of the pandemic on their child's education are at a new high this back to school season. This press releas

From Space Club to Chess Club, Animation and STEM, Small Group Clubs are Led by Top Experts Subscription Service Helps Fill the After-School Activity Gap Left by Closures and Quarantines Varsity Tutors, one of the nation's largest platforms for live online tutoring and classes, today announced a new After School Clubs subscription service that offers interactive activities and instruction in areas beyond traditional academic subjects. The offering was designed to meet the growing demand for online programs that match the varied interests and passions of today's students, while also providing an affordable and accessible option for filling the gap of traditional after-school programs that

Nerdy, a leading platform for delivering live online learning, today announced that Chuck Cohn, Founder, Chairman & Chief Executive Officer, and Jason Pello, Chief Financial Officer, will present virtually at the Deutsche Bank 2021 Technology Conference on September 9, 2021 at 8:30 AM ET. A webcast of the presentation will be accessible at https://www.tpg.com/pace-tech-opportunities and https://www.nerdy.com, under "Investors," or by using the following link: https://www.nerdy.com/investors. For those unable to participate during the live webcast, a replay will be available at www.nerdy.com. About Nerdy Nerdy is a leading curated direct-to-consumer platform for live online learning. Ner

New Suite of Offerings Designed to Provide School Districts Nationwide with Immediate Access to Resources for Managing School Closures, Quarantines, and Learning Loss Varsity Tutors, one of the nation's largest platforms for live online tutoring and classes, today announced a new suite of solutions designed to help school districts address disruptions and learning loss brought on by the COVID-19 pandemic. The new offerings build on the company's existing services for schools, but with a specific focus on providing immediate learning support to manage the growing challenges faced this school year. Specifically, the solutions provide K-12 institutions with near-instant and direct access to d

TPG Pace Tech Opportunities (NYSE:PACE), today announced that its registration statement on Form S-4 (the "Registration Statement") in connection with its previously announced proposed business combination (the "Business Combination") with Nerdy ("the Company" or "Nerdy"), a leading platform for delivering live online learning, has been declared effective by the U.S. Securities and Exchange Commission ("SEC"). The Registration Statement provides important information about TPG Pace Tech Opportunities, Nerdy and the Business Combination. TPG Pace Tech Opportunities also announced today a record date of August 16, 2021 (the "Record Date") and a meeting date of September 14, 2021 for its extr

Nerdy (NYSE:PACE) today announced financial results for the second quarter ended June 30, 2021. "Nerdy's operating and financial results exceeded our targets in Q2, including both revenue and gross profit growth over 50%, driven by several factors including year-over-year Active Learner growth, subject expansion into areas like Professional and Learning Differences, and expansion into new formats beyond one-on-one instruction such as small group classes," said Chuck Cohn, Founder, Chairman and Chief Executive Officer of Nerdy. "We're well positioned to help schools and students with a multi-format approach that supports personalized learning, regardless of the uncertain environment surroun

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc., the parent company of Varsity Tutors and a leading direct-to-consumer, curated gig economy platform for live online learning, today announced the appointment of Cathy Beaudoin to the company’s Board of Directors, as an Independent Director. Ms. Beaudoin brings more than 25 years of experience focused primarily on building brands and scaling e-commerce businesses for leading companies like Amazon and Gap. “We are thrilled to welcome someone of Cathy’s caliber to our Board of Directors and look forward to leveraging her extensive industry expertise and experience building high-profile e-commerce brands,” said Chuck Cohn, Founder, Chairman and

Northland Capital initiated coverage of TPG Pace Tech Opportunities Corp. with a rating of Outperform and set a new price target of $15.00

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