Execution And Regulatory RiskMerger requires shareholder and regulatory approvals, which introduces execution and regulatory risk that could delay or prevent expected strategic benefits.
Guidance And Transparency RiskManagement provided no forward guidance and no conference call because of the pending transaction, increasing near-term uncertainty and contributing to investor pressure on the stock.
Listing Change And Analyst CoverageAll-stock exchange will convert Udemy shares into Coursera stock and result in Udemy's delisting from its current exchange, changing shareholder exposure and prompting some analysts to withdraw prior ratings, which may reduce liquidity and investor visibility.