---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-008767"
form_type: "8-K/A"
ticker: "LGCY"
cik: "0001836754"
company_name: "Legacy Education Inc."
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T20:28:39.250376+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Legacy Education acquires CCMCC; audited financials show revenue down, net income plunged 79% in 2023

## Summary
- CCMCC revenue $6.96M in 2023 vs $7.47M in 2022; net income $313.8K vs $1.49M (YoY drop of ~79%).
- 2023 and 2022 financials restated due to revenue recognition errors, increasing 2023 net income and decreasing 2022 net income.
- Total assets $13.4M, liabilities $10.9M at Dec 31, 2023; acquisition closed Dec 18, 2024 for substantially all assets.
- Pro forma financial information for nine months ended Sep 30, 2024 and year ended Jun 30, 2024 filed as Exhibit 99.3.

## SEC filing metadata
- accession: 0001493152-25-008767
- form_type: 8-K/A
- ticker: LGCY
- cik: 0001836754
- company_name: Legacy Education Inc.
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836754/000149315225008767/0001493152-25-008767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836754/000149315225008767/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-008767
- JSON: https://secwatch.observer/filing/0001493152-25-008767.json
- Plain text: https://secwatch.observer/filing/0001493152-25-008767.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.