Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 408

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1A
Chunk 408
---
 research or publish inaccurate or unfavorable research reports about our business, our
stock price and trading volume could decline.

The
trading market for our common stock depends in part on the research and reports that securities or industry analysts publish about us
or our business, our market and our competitors. If no or few securities or industry analysts cover our company, the trading price for
our common stock would be negatively impacted. If one or more of the analysts who covers us downgrades our common stock or publishes
incorrect or unfavorable research about our business, our stock price would likely decline. If one or more of these analysts ceases coverage
of our company or fails to publish reports on us regularly, demand for our common stock could decrease, which could cause our stock price
or trading volume to decline.

We
are an “emerging growth company” and we cannot be certain if the reduced disclosure requirements applicable to emerging growth
companies will make our securities less attractive to investors.

We
are an “emerging growth company,” as defined in the JOBS Act. We will remain an “emerging growth company” for
up to five years. We may take advantage of these provisions until the earlier of (i) the last day of our fiscal year following the fifth
anniversary of the closing of our initial public offering, (ii) the last day of the fiscal year in which we have total annual gross revenue
of at least $1.235 billion or more, (iii) the date on which we are deemed to be a large accelerated filer, which means the market value
of our equity securities that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed
second fiscal quarter, and (iv) the date on which we have issued more than $1.0 billion of non-convertible debt during the previous three-year
period. These exemptions include not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley
Act, reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements and being exempt from
the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments
not previously approved. Additionally, as an emerging growth company, we have elected to delay the adoption of new or revised accounting
standards that have different effective dates for public and private companies until those standards apply to private companies. As such,
our financial statements may not be comparable to companies that comply