Company: LGCY
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022296
Chunk: 34

Company: Legacy Education Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 34
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The
Company is unaware of any other pending or threatened litigation arising from services currently or formerly performed by the Company.
The Company is unaware of any possible claiming that could have a material adverse effect on the Company’s business, results of
operations or financial condition.

Note
17 – Subsequent Events

On
October 16, 2025 a total of 58,708 stock options were granted to officers and directors for exercise at $9.51 per share, vesting
monthly over 3 years. 

Subsequent
to September 30, 2025 a total of 3,337 stock options were exercised for total proceeds of $12,480.

The
Company has evaluated subsequent events and transactions that occurred up to the date the consolidated financial statements were issued.
Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the consolidated
financial statements.

F-22

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

You
should read the following discussion and analysis of our financial condition and results of operations together with our financial statements
and the related notes appearing elsewhere in this Quarterly Report on Form 10-Q. In addition to historical information, this discussion
and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results may differ materially
from those discussed below. Factors that could cause or contribute to such differences include, but are not limited to, those identified
below, and those discussed in the section titled “Risk Factors” included in our Annual Report on Form 10-K for the fiscal
year ended June 30, 2025 as may be amended, supplemented or superseded from time to time by other reports we file with the SEC. All amounts
in this report are in U.S. dollars, unless otherwise noted.

Throughout
this Quarterly Report on Form 10-Q references to “we,” “our,” “us,” the “Company,” or
“Legacy,” refer to Legacy Education Inc.

Overview

We
provide career-focused, post-secondary education services to students at all stages of adult life, from recent high school graduates
to working parents, through our accredited academic institutions: High Desert Medical College, which we acquired in July 2010, Central
Coast College, which we acquired in January 2019, Contra Costa Medical Career College, which we acquired in December 2024, Integrity
College of Health, and Contra Costa Medical College,