08:53 AM EDT, 09/26/2024 (MT Newswires) -- Legacy Education ( LGCY ) said Thursday that it has priced an initial public offering of 2.5 million shares at $4.00 per share, totaling $10 million.

The for-profit post-secondary education company is also offering underwriters a 30-day option to buy up to 375,000 additional shares.

The shares are expected to begin trading on the New York Stock Exchange on Thursday under the ticker symbol "LGCY."

The offering is slated to be completed Friday.

The company said it plans to use net proceeds of the offering to invest in its facilities, develop new programs, and for other general working capital purposes.