Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 346

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1A
Chunk 346
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An
investment in our common stock involves a high degree of risk. You should carefully consider the following risk factors and the other
information in this Annual Report on Form 10-K before investing in our common stock. Our business and results of operations could be
seriously harmed by any of the following risks. The risks set out below are not the only risks we face. Additional risks and uncertainties
not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition
and/or operating results. If any of the following events occur, our business, financial condition and results of operations could be
materially adversely affected. In such case, the value and trading price of our common stock could decline, and you may lose all or part
of your investment.

Risks
Related to the Highly Regulated Field in Which We Operate

If
our institutions fail to comply with the extensive educational regulatory requirements applicable to our business, we could incur financial
penalties, restrictions on our operations, loss of federal and state financial aid funding for our students, loss of accreditation, or
loss of our authorization to operate our institutions or our educational programs.

As
a provider of postsecondary education, we are subject to extensive regulation by federal, state, and accrediting agencies. The applicable
educational regulatory requirements cover virtually all phases of the operations of our institutions, including, but not limited to,
educational program offerings, facilities, instructional and administrative staff, administrative procedures, marketing and recruiting,
financial operations, data security and privacy, adequacy and substantiation of graduation and job placement rates and other student
outcomes, distribution of information to current and prospective students, professional licensure requirements, payment of refunds to
students who withdraw, the receipt of federal and state financial aid by our students (including institutional, programmatic, and student
eligibility requirements), private and institutional loan programs, distance education, third party servicers, written arrangements with
other institutions or organizations to provide some or all of an educational program, student complaints, student services, student admissions,
transfer of academic credits, acquisitions or openings of new institutions, additions of new campuses and educational programs, closure
or relocation of existing locations, and changes in corporate structure and ownership.

Each of our institutions (HDMC,
CCC, Integrity, and CCMCC) participates in the federal student aid programs authorized by Title IV of the HEA, as amended (Title IV Programs),
as well as other federal and state financial aid programs