secwatch.observer — SEC 8-K summary
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Issuer:     Legacy Education Inc. (LGCY)
CIK:        0001836754
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0001493152-24-042522
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Legacy Education acquires Contra Costa Medical Career College for $8M
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- Purchase price $8M: $6.6M cash at closing, $400K promissory note (6%, 12 monthly payments), $1M in Legacy common stock.
- Sellers to provide 180-day transitional consulting; stock escrowed for one year for indemnification.
- Acquires substantially all assets of Contra Costa Medical Career College in Antioch, CA; Buyer to lease campus.
- College is BPPE-licensed, ACCET-accredited, and Title IV eligible.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836754/000149315224042522/0001493152-24-042522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836754/000149315224042522/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-042522

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