Legacy Education Inc. Announces Closing of $11.5 Million Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option

TEMECULA, Calif., Oct. 4, 2024 /PRNewswire/ -- Legacy Education Inc. ("Legacy Education" or the "Company") (NYSE American: LGCY), a for-profit post-secondary education company offering a wide range of education programs and services to help students achieve their professional goals, today announced the closing of its initial public offering (the "Offering") of 2,875,000 shares of common stock, which includes 375,000 shares of common stock issued pursuant to the exercise by the underwriters of their over-allotment option, at a price to the public of $4.00 per share, for aggregate gross proceeds of $11.5 million, before deducting underwriting discounts and offering expenses.