secwatch.observer — SEC 8-K summary
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Issuer:     Legacy Education Inc. (LGCY)
CIK:        0001836754
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001493152-24-050630
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Legacy Education completes $8M acquisition of Contra Costa Medical Career College
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- Closed Dec 18, 2024: $8M total consideration ($6.13M cash, $400K promissory note at 6%, 118,906 shares valued at $1M).
- Acquires CCMCC in Antioch, CA, adding Surgical Tech, Vocational Nursing, Sonography programs; expands to six CA campuses.
- Shares issued in unregistered transaction held in escrow for one year subject to indemnification claims.
- Buyer entered 180-day consulting agreement with sellers for transitional support; financial statements due in 75 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836754/000149315224050630/0001493152-24-050630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836754/000149315224050630/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050630

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