secwatch.observer — SEC 8-K summary
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Issuer:     Legacy Education Inc. (LGCY)
CIK:        0001836754
Form:       8-K/A
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001493152-25-008767
Event type: m_and_a
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836754/000149315225008767/0001493152-25-008767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836754/000149315225008767/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-008767

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