LegalZoom acquires Formation Nation for up to $64.75M; prelim FY revenue $681.9M, Adj EBITDA $148.1M

LEGALZOOM.COM, INC.

Acquired Formation Nation for $49.3M cash upfront + 2.2M restricted shares; total max cash consideration $64.75M plus shares.
Preliminary Q4 2024 revenue $161.7M, net income $12.9M, Adj EBITDA $44.2M; FY revenue $681.9M, net income $30M, Adj EBITDA $148.1M.
Acquisition expected to be accretive to Adj EBITDA and Adj EPS in first year, adds ~140 service experts.
Formation Nation brands (Inc Authority 4.9 TrustPilot, NCH 5.0) to serve customer segments; LegalZoom brand for premium.
Deal closed Feb 10, 2025; funded with cash on hand.

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