The Technology and Special Purpose Acquisition Companies (SPACs) teams advised Nerdy on its business combination with TPG Pace Tech Opportunities (NYSE: PACE). Nerdy common stock and warrants are now traded on the New York Stock Exchange under the ticker symbols “NRDY” and “NRDY WS”, respectively.
Nerdy is a leading platform for live online learning, with a mission 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 flagship business, Varsity Tutors, is one of the nation’s largest platforms for live online tutoring and classes.
TPG Pace Tech Opportunities is a publicly traded SPAC created by global alternative asset firm TPG’s dedicated permanent capital platform TPG Pace Group.
For more details, read the press release.