TEMECULA, Calif., Oct. 4, 2024
/PRNewswire/ -- Legacy Education Inc. ("Legacy Education" or the
"Company") (NYSE American: LGCY), a for-profit post-secondary
education company offering a wide range of education programs and
services to help students achieve their professional goals, today
announced the closing of its initial public offering (the
"Offering") of 2,875,000 shares of common stock, which includes
375,000 shares of common stock issued pursuant to the exercise by
the underwriters of their over-allotment option, at a price to the
public of $4.00 per share, for
aggregate gross proceeds of $11.5
million, before deducting underwriting discounts and
offering expenses.
The shares of common stock began trading on the NYSE American on
September 26, 2024, under the symbol
"LGCY."
Northland Securities, Inc. acted as sole book-running manager
for the Offering. Ladenburg Thalmann acted as lead manager for the
Offering.
The Registration Statement on Form S-1 (File No. 333-281586)
relating to the securities sold in the Offering was filed with the
Securities and Exchange Commission ("SEC") and declared effective
on September 25, 2024. The
Offering was made only by means of a prospectus. Copies of the
final prospectus may be obtained from Northland Securities, Inc.,
150 South Fifth Street, Suite 3300, Minneapolis, MN and from Ladenburg Thalmann at
Prospectus Department, 640 Fifth Avenue, 4th Floor, New York, NY 10019.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
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 certificates and 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.
Forward Looking Statements
Statements in this press release about future expectations,
plans, and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
"forward-looking statements." These statements include, but are not
limited to, statements relating to the, expected use of
proceeds, the Company's operations and business strategy and the
Company's expected financial results. The words "anticipate,"
"believe," "continue," "could," "estimate," "expect," "intend,"
"may," "plan," "potential," "predict," "project," "should,"
"target," "will," "would" and similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. The
forward-looking statements contained in this press release are
based on management's current expectations and are subject to
substantial risks, uncertainty and changes in circumstances. Actual
results may differ materially from those indicated by such
forward-looking statements as a result of various important
factors, including the uncertainties related to market conditions
and other factors discussed in the "Risk Factors" section of the
prospectus filed with the SEC as supplemented by risk factors
disclosed on the Company's Annual Report on Form 10-K. Any
forward-looking statements contained in this press release speak
only as of the date hereof, and, except as required by federal
securities laws, the Company specifically disclaims any
obligation to update any forward-looking statements, whether as a
result of new information, future events, or otherwise.
Contact Legacy Education Inc.
Investor
Relations
ir@legacyed.com
Amato and Partners, LLC
Investors Relations Council
admin@amatoandpartners.com
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SOURCE Legacy Education Inc.