Udemy Shareholders Approve Merger Agreement with Coursera: Key Details and Implications

Udemy, Inc. (NASDAQ: UDMY) has released a Form 8-K current report detailing the results of its special meeting of shareholders held on April 9, 2026. This meeting was called to vote on several critical proposals related to a proposed business combination transaction (merger) between Udemy and Coursera, another leading online education platform.

Key Highlights from the Report

• Merger Agreement Approved: Shareholders voted overwhelmingly to approve the adoption of the Merger Agreement with Coursera. This is a significant step in combining two major players in online education, which is likely to have strategic and financial impacts on both companies.
  • Votes For: 114,961,096
  • Votes Against: 147,832
  • Abstentions: 12,795
  • Broker Non-Votes: 0

  Proposal 1 was approved and marks investor support for the merger.

• Compensation for Executives Related to the Merger: Shareholders also approved, on a non-binding advisory basis, certain compensation that may be paid or become payable to Udemy’s named executive officers in connection with the merger.
  • Votes For: 114,153,868
  • Votes Against: 827,032
  • Abstentions: 140,823
  • Broker Non-Votes: 0

  Proposal 2 was approved, providing transparency on leadership incentives.

• Adjournment Proposal Not Needed: Proposal 3, relating to adjournment of the special meeting if necessary, was not presented since Proposal 1 was approved.
• Emerging Growth Company Status: Udemy confirmed it is not an emerging growth company, which means it is subject to full SEC compliance and reporting standards.
• Security Details: Udemy’s common stock (\$0.00001 par value per share) trades under the symbol UDMY on the Nasdaq Global Select Market.

Important Information for Shareholders

• Merger Remains Subject to Closing Conditions: While shareholder approval is a major milestone, the merger is not yet finalized. It remains subject to the satisfaction of remaining closing conditions under the Merger Agreement. Shareholders should monitor updates regarding these conditions, as any delays or issues could impact the timeline or completion of the transaction.
• Forward-Looking Statements and Risks: The report contains extensive cautionary notes regarding forward-looking statements. These include:
  • Uncertainties about the timing and benefits of the merger.
  • Possible impacts on operations, personnel, customer relationships, and stock price.
  • Risks related to competition, market conditions, online learning solutions, and AI innovation.
  • Potential business disruptions and difficulties attracting and retaining talent post-merger.
  • Costs, fees, and expenses related to the merger.
  • Potential fluctuations in Udemy and Coursera share prices.

  Investors are strongly encouraged to review the Proxy Statement and other filings for a complete list of risks and uncertainties.

Potential Price-Sensitive Information

• Approval of the Merger Agreement: This is a transformational event for Udemy, as it signals the imminent combination with Coursera, potentially creating a dominant force in online education. Synergies, expanded product offerings, and increased market reach are expected, but uncertainties remain until closing.
• Executive Compensation Related to the Merger: Approval of compensation packages may affect investor sentiment, especially regarding leadership retention and incentives.
• Forward-Looking Risks: Any future updates regarding satisfaction of closing conditions, operational integration, or unforeseen merger obstacles could materially impact Udemy’s share price.

Signature

The report was signed by Ken Hirschman, General Counsel of Udemy, Inc., on April 9, 2026.

Disclaimer

This article summarizes key points from Udemy’s Form 8-K current report dated April 9, 2026. It is not investment advice. Investors should review official filings and consult with financial advisors before making investment decisions. The information herein is subject to change based on subsequent SEC filings and company disclosures.

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