Legacy Education Inc. Files S-1 Registration Statement
Ticker: LGCY · Form: S-1 · Filed: Aug 16, 2024 · CIK: 1836754
Sentiment: neutral
Topics: ipo, sec-filing, registration
TL;DR
Legacy Education Inc. just filed an S-1, looks like they're gearing up to go public.
AI Summary
Legacy Education Inc. filed an S-1 registration statement with the SEC on August 16, 2024. The company, incorporated in Nevada, is in the educational services sector. Its principal executive offices are located at 701 W Avenue K, Suite 123, Lancaster, CA 93534, with a business phone number of (661) 940-9300. The filing is part of the process for registering securities under the Securities Act of 1933.
Why It Matters
This S-1 filing indicates Legacy Education Inc. is preparing to offer securities to the public, which could lead to new investment opportunities and increased market visibility for the company.
Risk Assessment
Risk Level: medium — As an S-1 filing, it signifies a company preparing for an IPO or significant securities offering, which inherently carries market and execution risks.
Key Numbers
- 333-281586 — SEC File Number (Identifies the specific SEC filing for this registration.)
Key Players & Entities
- Legacy Education Inc. (company) — Registrant
- August 16, 2024 (date) — Filing Date
- Nevada (jurisdiction) — State of Incorporation
- 8200 (sic_code) — Standard Industrial Classification
- 84-5167957 (ein) — IRS Employer Identification Number
- 701 W Avenue K, Suite 123 Lancaster, CA 93534 (address) — Principal Executive Offices
- (661) 940-9300 (phone_number) — Business Phone
- LeeAnn Rohmann (person) — Chief Executive Officer
- Richard A. Friedman (person) — Legal Counsel
- Sheppard, Mullin, Richter & Hampton LLP (company) — Legal Counsel
FAQ
What is the purpose of this S-1 filing?
The S-1 filing is a registration statement required by the SEC for companies planning to offer securities to the public, indicating Legacy Education Inc. is preparing for a public offering.
When was this S-1 filing submitted?
The S-1 filing was submitted to the SEC on August 16, 2024.
Where are Legacy Education Inc.'s principal executive offices located?
Legacy Education Inc.'s principal executive offices are located at 701 W Avenue K, Suite 123, Lancaster, CA 93534.
Who is the Chief Executive Officer of Legacy Education Inc.?
LeeAnn Rohmann is the Chief Executive Officer of Legacy Education Inc.
What is Legacy Education Inc.'s Standard Industrial Classification (SIC) code?
Legacy Education Inc.'s SIC code is 8200, which corresponds to Services-Educational Services.
Filing Stats: 4,375 words · 18 min read · ~15 pages · Grade level 14.5 · Accepted 2024-08-16 07:08:12
Key Financial Figures
- $100 — ing membership interest upon payment of $100, which was exercised on September 15, 2
- $45.7 million — is expected to range from approximately $45.7 million to $46.5 million, as compared to $35.5
- $46.5 m — nge from approximately $45.7 million to $46.5 million, as compared to $35.5 million for
- $35.5 million — illion to $46.5 million, as compared to $35.5 million for the year ended June 30, 2023. Opera
- $7.3 million — is expected to range from approximately $7.3 million to $8.2 million, as compared to $3.6 mi
- $8.2 m — ange from approximately $7.3 million to $8.2 million, as compared to $3.6 million for
- $3.6 million — million to $8.2 million, as compared to $3.6 million for the year ended June 30, 2023. The
- $1.235 billion — h Company As a company with less than $1.235 billion in revenues during our last fiscal year
Filing Documents
- forms-1.htm (S-1) — 2799KB
- ex2-1.htm (EX-2.1) — 50KB
- ex3-1.htm (EX-3.1) — 6KB
- ex3-2.htm (EX-3.2) — 145KB
- ex3-3.htm (EX-3.3) — 3KB
- ex4-1.htm (EX-4.1) — 2KB
- ex10-1.htm (EX-10.1) — 74KB
- ex10-2.htm (EX-10.2) — 12KB
- ex10-3.htm (EX-10.3) — 189KB
- ex10-4.htm (EX-10.4) — 28KB
- ex10-5.htm (EX-10.5) — 161KB
- ex10-9.htm (EX-10.9) — 81KB
- ex21-1.htm (EX-21.1) — 5KB
- ex23-1.htm (EX-23.1) — 4KB
- ex107.htm (EX-FILING FEES) — 36KB
- logo_001.jpg (GRAPHIC) — 8KB
- logo_014.jpg (GRAPHIC) — 9KB
- ex3-1_001.jpg (GRAPHIC) — 231KB
- ex3-1_002.jpg (GRAPHIC) — 527KB
- ex3-1_003.jpg (GRAPHIC) — 435KB
- ex3-1_004.jpg (GRAPHIC) — 382KB
- ex3-1_005.jpg (GRAPHIC) — 542KB
- ex3-1_006.jpg (GRAPHIC) — 557KB
- ex3-1_007.jpg (GRAPHIC) — 605KB
- ex3-1_008.jpg (GRAPHIC) — 255KB
- ex3-3_001.jpg (GRAPHIC) — 541KB
- ex3-3_002.jpg (GRAPHIC) — 166KB
- ex3-3_003.jpg (GRAPHIC) — 68KB
- ex10-2_001.jpg (GRAPHIC) — 33KB
- ex10-2_002.jpg (GRAPHIC) — 249KB
- ex10-2_003.jpg (GRAPHIC) — 399KB
- ex10-2_004.jpg (GRAPHIC) — 454KB
- ex10-2_005.jpg (GRAPHIC) — 580KB
- ex10-2_006.jpg (GRAPHIC) — 481KB
- ex10-2_007.jpg (GRAPHIC) — 436KB
- ex10-2_008.jpg (GRAPHIC) — 610KB
- ex10-2_009.jpg (GRAPHIC) — 460KB
- ex10-2_010.jpg (GRAPHIC) — 476KB
- ex10-2_011.jpg (GRAPHIC) — 454KB
- ex10-2_012.jpg (GRAPHIC) — 94KB
- ex10-2_013.jpg (GRAPHIC) — 175KB
- ex10-2_014.jpg (GRAPHIC) — 186KB
- ex10-2_015.jpg (GRAPHIC) — 151KB
- ex4-1_001.jpg (GRAPHIC) — 426KB
- ex4-1_002.jpg (GRAPHIC) — 293KB
- 0001493152-24-032746.txt ( ) — 17759KB
DILUTION
DILUTION 46 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 48
BUSINESS
BUSINESS 61 MANAGEMENT 87 EXECUTIVE AND DIRECTOR COMPENSATION 90 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 96 SECURITY 97 DESCRIPTION OF SECURITIES 98 SHARES ELIGIBLE FOR FUTURE SALE 104 MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS OF OUR COMMON STOCK 106
UNDERWRITING
UNDERWRITING 110 LEGAL MATTERS 118 EXPERTS 118 WHERE YOU CAN FIND MORE INFORMATION 118 INDEX TO FINANCIAL STATEMENTS F-1 i ABOUT THIS PROSPECTUS In this prospectus, unless the context suggests otherwise, references to ‘‘Legacy Education Inc.,’’ ‘‘Legacy,’’ the ‘‘Company,’’ ‘‘we,’’ ‘‘us,’’ and ‘‘our’’ refer to Legacy Education Inc. and its predecessor, Legacy Education, L.L.C. Neither we nor the underwriters have authorized anyone to provide any information or to make any representations other than those contained in this prospectus or in any free writing prospectus prepared by or on behalf of us or to which we have referred you. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give to you. You should rely only on the information contained in this prospectus. No dealer, salesperson or other person is authorized to give information that is not contained in this prospectus. This prospectus is not an offer to sell nor is it seeking an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. The information in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of these securities. The information in this prospectus is accurate only as of the date of this prospectus, regardless of the time of the time of delivery of this prospectus or any sale of shares of our common stock. For investors outside the United States (“U.S.”): We and the underwriters have not done anything that would permit this offering or the possession or distribution of this prospectus in any jurisdiction where action for those purposes is required, other than in the U.S. Persons outside the U.S. who come into possession of this pros