{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-09-07T14:50:23.786553+00:00","company":{"ticker":"ASPU","cik":1487198,"company_name":"ASPEN GROUP, INC."},"pagination":{"limit":100,"returned":10,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). 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(the “Company”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001079973-23-000765","anchor_url":"https://secwatch.observer/filing/0001079973-23-000765#claim-cf18f6e152","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1487198/000107997323000765/0001079973-23-000765-index.htm"},{"fact_type":"debt_financing","fact_key":"ae708b1d23c2df56b8a2c8d143b4205008b0d137","cik":1487198,"ticker":"ASPU","company_name":"ASPEN GROUP, INC.","filed_at":"2023-05-16T23:59:59+00:00","payload":{"counterparty":"JGB Management Inc.","effective_date":"2023-05-12","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"15%","item_codes_triggered":["2.03"],"maturity_text":"May 12, 2026","principal_text":"$12.4 million"},"claim":"ASPEN GROUP, INC. incurred senior notes of $12.4 million with JGB Management Inc. at 15% maturing May 12, 2026.","evidence_excerpt":"On May 12, 2023, Aspen Group, Inc. (the “Company”) entered into a Securities Purchase Agreement with JGB Management Inc., (“JGB”) pursuant to which that day the Company sold to JGB a total of approximately $12.4 million in the aggregate principle amount of 15% Senior Secured Debentures","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001079973-23-000732","anchor_url":"https://secwatch.observer/filing/0001079973-23-000732#claim-ae708b1d23c2df56b8a2c8d143b4205008b0d137","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1487198/000107997323000732/0001079973-23-000732-index.htm"},{"fact_type":"material_agreement","fact_key":"8df4721a55e8d48f81dbeecc9aceacd381b04db1","cik":1487198,"ticker":"ASPU","company_name":"ASPEN GROUP, INC.","filed_at":"2023-05-16T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Securities Purchase Agreement","agreement_type":"notes_offering","counterparty":"JGB Management Inc.","effective_date":"2023-05-12","item_codes_triggered":["1.01"],"value_text":"Approximately $12.4 million aggregate principal amount of 15% Senior Secured Debentures and warrants"},"claim":"ASPEN GROUP, INC. entered into Securities Purchase Agreement with JGB Management Inc. valued at Approximately $12.4 million aggregate principal amount of 15% Senior Secured Debentures and warrants (effective 2023-05-12).","evidence_excerpt":"On May 12, 2023, Aspen Group, Inc. (the “Company”) entered into a Securities Purchase Agreement with JGB Management Inc., (“JGB”) pursuant to which that day the Company sold to JGB a total of approximately $12.4 million in the aggregate principle amount of 15% Senior Secured Debentures (“Debentures”) and five-year warrants to purchase a total of 2,214,114 shares of its common stock at an exercise price of $0.01 per share (the “Warrants”), for total gross proceeds of approximately $11 million, representing an 11% original issue discount on the Debentures, before deducting offering fees and expenses.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001079973-23-000732","anchor_url":"https://secwatch.observer/filing/0001079973-23-000732#claim-8df4721a55e8d48f81dbeecc9aceacd381b04db1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1487198/000107997323000732/0001079973-23-000732-index.htm"},{"fact_type":"executive_change","fact_key":"b7ff21627c","cik":1487198,"ticker":"ASPU","company_name":"ASPEN GROUP, INC.","filed_at":"2023-05-08T23:59:59+00:00","payload":{"action":"terminated","action_category":"departure","departure_tone":"routine","effective_date":"2023-05-04","interim":false,"role":"Chief Accounting Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Robert Alessi was terminated as Chief Accounting Officer at ASPEN GROUP, INC..","evidence_excerpt":"On April 14, 2023, Aspen Group, Inc. (the “Company”) notified Robert Alessi, the Company’s Chief Accounting Officer, that his employment with the Company was being terminated, effective May 4, 2023, as a part of the Company’s ongoing efforts to reduce costs.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001079973-23-000639","anchor_url":"https://secwatch.observer/filing/0001079973-23-000639#claim-b7ff21627c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1487198/000107997323000639/0001079973-23-000639-index.htm"},{"fact_type":"material_agreement","fact_key":"693b74194fd90fefd417283ba587e9b6163726e0","cik":1487198,"ticker":"ASPU","company_name":"ASPEN GROUP, INC.","filed_at":"2023-01-19T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Second Amendment","agreement_type":"credit_facility","counterparty":"certain lenders","effective_date":"2023-01-12","item_codes_triggered":["1.01"],"value_text":null},"claim":"ASPEN GROUP, INC. amended Second Amendment with certain lenders (effective 2023-01-12).","evidence_excerpt":"the Company and certain lenders entered into a Second Amendment (the “Second Amendment”) to the Intercreditor Agreement, which removed a provision which was added by the First Amendment (the “First Amendment”) restricting the Company’s ability to draw down from the Lines of Credit while the insurance company’s surety bond remained outstanding","confidence":0.7,"filing_url":"https://secwatch.observer/filing/0001553350-23-000035","anchor_url":"https://secwatch.observer/filing/0001553350-23-000035#claim-693b74194fd90fefd417283ba587e9b6163726e0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1487198/000155335023000035/0001553350-23-000035-index.htm"},{"fact_type":"shareholder_vote","fact_key":"b30260668dafbaee036979905adbf71380273b70","cik":1487198,"ticker":"ASPU","company_name":"ASPEN GROUP, INC.","filed_at":"2022-12-21T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2022-12-15","outcome":"passed","proposal_text":"Ratification of appointment of Salberg & Company, P.A. as independent registered public accounting firm for fiscal year ending April 30, 2023","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"518,521","votes_against":"296,921","votes_for":"13,738,929","votes_withheld":null}]},"claim":"ASPEN GROUP, INC. shareholders approved Ratification of appointment of Salberg & Company, P.A. as independent registered public accounting firm for fiscal year ending April 30, 2023 at the 2022-12-15 meeting.","evidence_excerpt":"Proposal 2 . The Company’s shareholders voted to ratify the appointment of Salberg & Company, P.A. as the Company’s independent registered public accounting firm for the fiscal year ending April 30, 2023. For Against Abstain 13,738,929 296,921 518,521","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001553350-22-001009","anchor_url":"https://secwatch.observer/filing/0001553350-22-001009#claim-b30260668dafbaee036979905adbf71380273b70","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1487198/000155335022001009/0001553350-22-001009-index.htm"},{"fact_type":"shareholder_vote","fact_key":"e6231682d7a6d1afac42187bc0cb92c220274834","cik":1487198,"ticker":"ASPU","company_name":"ASPEN GROUP, INC.","filed_at":"2022-12-21T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2022-12-15","outcome":"passed","proposal_text":"Election of six directors for a one-year term","proposal_type":"director_election","results":[{"broker_non_votes":"8,483,474","subject":"Mr. Michael Mathews","votes_abstain":null,"votes_against":null,"votes_for":"5,946,286","votes_withheld":"124,611"},{"broker_non_votes":"8,483,474","subject":"Mr. Andrew Kaplan","votes_abstain":null,"votes_against":null,"votes_for":"5,948,541","votes_withheld":"122,356"},{"broker_non_votes":"8,483,474","subject":"Mr. Douglas Kass","votes_abstain":null,"votes_against":null,"votes_for":"4,977,678","votes_withheld":"1,093,219"},{"broker_non_votes":"8,483,474","subject":"Mr. Michael Koehneman","votes_abstain":null,"votes_against":null,"votes_for":"5,642,924","votes_withheld":"427,973"},{"broker_non_votes":"8,483,474","subject":"Dr. Joan Prince","votes_abstain":null,"votes_against":null,"votes_for":"4,966,697","votes_withheld":"1,104,200"},{"broker_non_votes":"8,483,474","subject":"Mr. Sanford Rich","votes_abstain":null,"votes_against":null,"votes_for":"5,693,530","votes_withheld":"377,367"}]},"claim":"ASPEN GROUP, INC. shareholders approved Election of six directors for a one-year term at the 2022-12-15 meeting.","evidence_excerpt":"Proposal 1 . The Company’s shareholders voted to elect the following six individuals as directors to hold office until the next annual meeting of shareholders: Nominee Votes For Votes Withheld Broker Non-Votes Mr. Michael Mathews 5,946,286 124,611 8,483,474 Mr. Andrew Kaplan 5,948,541 122,356 8,483,474 Mr. Douglas Kass 4,977,678 1,093,219 8,483,474 Mr. Michael Koehneman 5,642,924 427,973 8,483,474 Dr. Joan Prince 4,966,697 1,104,200 8,483,474 Mr. Sanford Rich 5,693,530 377,367 8,483,474","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001553350-22-001009","anchor_url":"https://secwatch.observer/filing/0001553350-22-001009#claim-e6231682d7a6d1afac42187bc0cb92c220274834","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1487198/000155335022001009/0001553350-22-001009-index.htm"},{"fact_type":"earnings_release","fact_key":"b7e2b65369dea6fde745e377d13311c9e1bc49c8","cik":1487198,"ticker":"ASPU","company_name":"ASPEN GROUP, INC.","filed_at":"2022-12-13T23:59:59+00:00","payload":{"eps_text":"$(0.09) per share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$(2.3) million","period_text":"second quarter fiscal year 2023 ended October 31, 2022","report_date":"2022-12-13","result_type":"reported_results","revenue_text":"$17.1 million"},"claim":"ASPEN GROUP, INC. reported second quarter fiscal year 2023 ended October 31, 2022 results: revenue $17.1 million, net income $(2.3) million, EPS $(0.09) per share.","evidence_excerpt":"Aspen Group Reports Revenue of $17.1 million for Second Quarter Fiscal 2023 · Restructuring plan increases year-over-year gross margin to 60% from 51%, and narrows net loss to $(2.3) million from $(2.9) million · Adjusted EBITDA of $0.5 million versus $(0.7) million in prior year quarter","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001553350-22-000998","anchor_url":"https://secwatch.observer/filing/0001553350-22-000998#claim-b7e2b65369dea6fde745e377d13311c9e1bc49c8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1487198/000155335022000998/0001553350-22-000998-index.htm"},{"fact_type":"executive_change","fact_key":"fb1a3c6ec6","cik":1487198,"ticker":"ASPU","company_name":"ASPEN GROUP, INC.","filed_at":"2022-04-06T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2022-04-01","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Norman Dicks resigned as Director at ASPEN GROUP, INC..","evidence_excerpt":"On April 1, 2022, Norman Dicks notified the Board of Directors (the “Board”) of Aspen Group, Inc. (the “Company”) that he was resigning as a director for personal reasons, effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001553350-22-000294","anchor_url":"https://secwatch.observer/filing/0001553350-22-000294#claim-fb1a3c6ec6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1487198/000155335022000294/0001553350-22-000294-index.htm"},{"fact_type":"executive_change","fact_key":"86201fcc13","cik":1487198,"ticker":"ASPU","company_name":"ASPEN GROUP, INC.","filed_at":"2021-08-16T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2021-08-16","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Matthew LaVay was appointed as Chief Financial Officer at ASPEN GROUP, INC..","evidence_excerpt":"Effective on August 16, 2021, Aspen Group, Inc. (the “Company”) entered into an Employment Agreement with Matthew LaVay, who had been appointed as the Chief Financial Officer of the Company on July 8, 2021 with the effective date of August 16, 2021.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001553350-21-000678","anchor_url":"https://secwatch.observer/filing/0001553350-21-000678#claim-86201fcc13","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1487198/000155335021000678/0001553350-21-000678-index.htm"}]}