Transaction Information
Legacy Education Inc. ("Legacy Education" or the "Company") (NYSE American: LGCY) announced the pricing of its initial public offering (the "Offering") of 2,500,000 shares of common stock at a price to the public of $4.00 per share, for gross proceeds of $10 million, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of common stock from the Company to cover any over-allotments at the public offering price, less the underwriting discount.
Ladenburg Thalmann is acting as lead manager for the Offering.
The Company intends to use the net proceeds of the Offering for investments at our facilities, for the development of new programs, and for other general working capital purposes. The shares of common stock are expected to begin trading on the NYSE American on September 26, 2024, under the symbol "LGCY." The Offering is expected to close on September 27, 2024, subject to the satisfaction of customary closing conditions.
About Legacy Education
Legacy Education (NYSE: LGCY) is an award-winning, nationally accredited, for-profit post-secondary education company founded in 2009. Legacy Education provides career-focused education primarily in the healthcare field, with degrees for nursing, medical technicians, dental assisting, business administrative, and several others. The company offers a wide range of educational programs and services to help students achieve their professional goals. Legacy Education's focus is on providing high-quality education that is accessible and affordable. Legacy Education is committed to growing education footprint via organic enrollment growth, addition of new programs and accretive acquisitions. For more information, please visit www.legacyed.com or on LinkedIn @legacy-education-inc.The information and material presented is provided for informational purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or buy any securities mentioned herein.
The information and material presented is provided for informational purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or buy any securities mentioned herein.