Coursera, Inc. (COUR) Form 8-K — Nov 9, 2026
Coursera's board unanimously adopted a one-year stockholder rights plan (poison pill) effective immediately, triggered by a stockholder that has accumulated approximately 14.7% of the company's common stock in recent days. The plan issues one right per share and is triggered at 15% beneficial ownership, giving non-triggering holders the right to buy shares at a 50% discount (exercise price $19.50 per one one-thousandth of a preferred share, equivalent to $39.00 of common stock value). The existing 14.7% holder is grandfathered but cannot increase its stake by even 0.001% without triggering the plan. Rights are redeemable by the board for $0.01 each and expire November 7, 2027.
Key figures
- Exercise price usd
- 19.5
- Rights plan duration
- one year, expiring November 7, 2027
- Activist stake percent
- 14.7
- Trigger threshold percent
- 15
- Series a preferred authorized
- 300000
- Redemption price per right usd
- 0.01
- Flip in discount market value usd
- 39
AI analysis
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