Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 409

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1A
Chunk 409
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 with public company effective dates. We cannot predict if investors
will find our shares less attractive because we may rely on these provisions. If some investors find our shares less attractive as a
result, there may be a less active trading market for our shares and our share price may be more volatile.

Financial
reporting obligations of being a public company in the U.S. are expensive and time-consuming, and our management will be required to
devote substantial time to compliance matters.

As
a publicly traded company we incur significant additional legal, accounting and other expenses. The obligations of being a public company
in the U.S. require significant expenditures and place significant demands on our management and other personnel, including costs resulting
from public company reporting obligations under the Exchange Act and the rules and regulations regarding corporate governance practices,
including those under the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the listing requirements
of the stock exchange on which our securities are listed. These rules require the establishment and maintenance of effective disclosure
and financial controls and procedures, internal control over financial reporting and changes in corporate governance practices, among
many other complex rules that are often difficult to implement, monitor and maintain compliance with. Moreover, despite recent reforms
made possible by the JOBS Act, the reporting requirements, rules, and regulations will make some activities more time-consuming and costly,
particularly after we are no longer an “emerging growth company” and/or a “smaller reporting company.” Our management
and other personnel will need to devote a substantial amount of time to ensure that we comply with all of these requirements and to keep
pace with new regulations, otherwise we may fall out of compliance and risk becoming subject to litigation or being delisted, among other
potential problems.

78

ITEM
1B. UNRESOLVED STAFF COMMENTS

None.

ITEM
1C. CYBERSECURITY

We
recognize the critical importance of maintaining the safety and security of our systems and data and we take a holistic approach to the
oversight and management of cybersecurity and related risks. This approach is supported by our Board of Directors and management who
are actively involved in the oversight of our risk management program.

Like
all companies that utilize technology, we face significant cybersecurity threats that include, among other things, attempts to gain unauthorized
access to sensitive student and employee information; attempts to compromise the integrity, confidentiality and/or availability of our
systems, hardware and networks, and the information on them; insider threats