secwatch.observer — SEC 8-K summary
======================================

Issuer:     LEGALZOOM.COM, INC. (LZ)
CIK:        0001286139
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001286139-25-000014
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286139/000128613925000014/0001286139-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286139/000128613925000014/lz-20250210.htm
  HTML page:      https://secwatch.observer/filing/0001286139-25-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer