Legacy Education Inc. Sets Price for Its Initial Public Offering
Legacy Education Inc. Announces IPO Pricing
Legacy Education Inc. (“Legacy Education” or the “Company”) (NYSE: LGCY), a recognized for-profit post-secondary education provider, has recently declared the pricing of its upcoming initial public offering (IPO). The IPO consists of 2,500,000 shares of common stock available to the public at a price of $4.00 per share, anticipated to yield gross proceeds of $10 million, before accounting for underwriting discounts and offering expenses.
Utilization of Proceeds from the Offering
The net proceeds from this offering are earmarked for comprehensive investments in the Company's facilities, the development of innovative educational programs, and various general working capital purposes. By deploying these funds wisely, Legacy Education is set to enhance its educational offerings and continue its mission of equipping students with the necessary skills for successful careers.
Expected Trading Details
The shares from this initial public offering are expected to commence trading on the NYSE American under the ticker symbol “LGCY.” This major milestone for Legacy Education is projected to take place very soon, with the IPO expected to close shortly thereafter, contingent upon customary closing conditions being met.
Management and Underwriters
Northland Securities, Inc. is designated as the sole book-running manager for the offering, while Ladenburg Thalmann plays the role of lead manager. Their expertise is invaluable in guiding Legacy Education through this critical phase of growth and facilitating the successful introduction to the public markets.
Regulatory Filings and Compliance
Legacy Education has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission (SEC), which has been declared effective. This registration process is a crucial step in ensuring compliance with regulatory standards and safeguards as the company proceeds with the offer. As part of this, a final prospectus detailing the offering will soon be available for interested investors.
About Legacy Education Inc.
Founded in 2009, Legacy Education (NYSE: LGCY) is an award-winning, nationally accredited institution dedicated to offering career-focused education, particularly in the healthcare sector. The Company provides various educational programs leading to degrees in nursing, medical technology, dental assisting, and business administration, among others. Legacy Education's commitment is to deliver high-quality, accessible, and affordable education to enable students to realize their professional aspirations.
Commitment to Growth and Quality Education
Legacy Education is passionate about expanding its educational footprint. This entails achieving organic enrollment growth, introducing new programs to meet market demand, and pursuing strategic acquisitions that align with its goals. The company remains steadfast in providing impactful education that addresses the evolving needs of the workforce.
Contact Information
For more information regarding the IPO or other inquiries, please contact:
Legacy Education Inc.
LeeAnn Rohmann, CEO
lrohmann@legacyed.com
Amato and Partners, LLC
Investors Relations Council
admin@amatoandpartners.com
Frequently Asked Questions
What is the purpose of the IPO for Legacy Education Inc.?
The IPO proceeds will fund investments in facilities, develop new programs, and support general working capital needs.
When will the shares start trading publicly?
The shares are expected to begin trading on the NYSE American shortly after the IPO closes.
Who are the underwriters of the IPO?
Northland Securities, Inc. is the sole book-running manager, while Ladenburg Thalmann serves as the lead manager for the offering.
What programs does Legacy Education offer?
Legacy Education provides various career-focused education programs, primarily in healthcare, including nursing and medical technology degrees.
How can I contact Legacy Education for more information?
You can reach Legacy Education by emailing their CEO, LeeAnn Rohmann, at lrohmann@legacyed.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Discover the Pre-registration for Bybit's Physical Card
- The Expanding Nitrile Gloves Market and Its Growth Potential
- Septerna Initiates Promising Clinical Trial for SEP-786
- Calian Group Partners with Microsoft for Cloud Cybersecurity Solutions
- Flow Beverage Corp. Set for Key Investor Conference Engagement
- Marqeta Sets Date for Third Quarter Financial Results Call
- UCB Reports Groundbreaking Two-Year Efficacy Data for BIMZELX
- Celebrating 75 Years of the People's Republic of China
- Alpha Omega Celebrates Innovative Win in Digital Transformation
- UBS Reiterates Buy Rating for Ovintiv: Growth Prospects Ahead
Recent Articles
- UBS Downgrades GE Healthcare: Overvaluation and Competition Concerns
- SaverOne Partners with Motor Supply to Boost US Market Presence
- Banco do Brasil's Strategic Move to Support Agribusiness Resilience
- GRI Bio Expands Clinical Study Footprint for GRI-0621
- Cocrystal Pharma's CDI-988 Targets Viral Infections with Promise
- Sonoro Gold Secures Funding for Cerro Caliche Development
- Growth and Trends in the Pharmaceutical Excipients Market
- OKX Embraces Innovation with Hamster Kombat's Token Launch
- Bitwave Enhances Compliance Tracking for Digital Assets
- Exploring Promising Semiconductor Stocks for Future Gains
- Janover Inc. Unveils Innovative AI Solutions for Insurtech
- Corbus Pharmaceuticals Engages in Key Oncology Summit Discussions
- Choosing the Right Stocks: Insights and Opportunities
- Innovative Aluminium Recycling Partnership to Boost Sustainability
- Optimism Rises in the Market as Investors Anticipate Growth
- DRYWORLD and Spartan Race Partnership Enhances Athletic Apparel
- Pacira BioSciences Unveils Promising 104-Week Study Results
- IES Holdings Welcomes John Louis Fouts to Its Board
- INKmune™ Shows Promising Results in NK-Cell Therapy Trials
- Ultragenyx Unveils Key Setrusumab Presentations at Major Meeting
- Teledyne Unveils Innovative AI-Powered Camera for Industry
- Fairfax Financial Plans to Buy Back Voting and Preferred Shares
- Fairfax India Plans Significant Normal Course Issuer Bid Initiative
- Growing Demand for Bicycle Accessories Expected Through 2034
- Cerro de Pasco Resources Secures $3 Million Investment Boost
- Tritent International Corp. and Burst Technologies Join Forces
- Alliance Trust PLC Reports Latest Net Asset Value Figures
- iSpecimen Secures Funding and Welcomes New Leadership Team
- Janover Inc Launches AI Tools to Transform Insurtech Sector
- Exciting Partnership Between BNB Chain and UXUY Wallet Emerges
- Three Dividend-Paying Real Estate Stocks to Consider for 2024
- Renewable Land Expands Renewable Energy Footprint in Ohio
- Understanding the Impact of Falling Mortgage Rates on Homebuyers
- Exro Forms Strategic Partnership with Stellantis for EV Innovation
- MCF Energy's Welchau-1 Well: Key Insights and Upcoming Tests
- Scottie Resources Completes 10,000 Metre Drill Program Successfully
- Theratechnologies Announces Q3 2024 Financial Results Plans
- Valmet Announces Second Dividend Payment for 2023 Success
- Baxter Unveils Innovative Pulmonary System for Lung Care
- Harnessing Grid-Scale Battery Energy Storage for Tomorrow's Energy Needs
- iSpecimen Announces Strategic Changes and Loan Acquisition
- Transforming Business Growth with AI: The Future of Strategic Decisions
- Evaxion Biotech Partners with MSD to Develop Vaccine Candidates
- Hallcon Expands Leadership Team with Rob Antoniak's Expertise
- Lilium Jet Launches New Era of Electric Aviation in Texas
- Rosenblatt Upgrades Micron's Stock: Promising Future Ahead
- Wiley's Dividend Growth: A Testament to Financial Stability
- DocGo Welcomes New CIO to Enhance Healthcare Technology Strategy
- Truist Securities Endorses First Solar's Bright Future
- Benchmark Affirms Buy Rating on Flutter Entertainment Amid Growth Plans