M&A - LEGALZOOM.COM, INC.
Form Type: 8-K
Filing Date: 2025-04-01
Corporate Action: Acquisition
Type: New
Accession Number: 000119312525070388
Filing Summary: On March 31, 2025, LegalZoom.com, Inc. closed the sale of its real property located at 9900 Spectrum Drive, Austin, Texas, to Round Rock Independent School District. This transaction was executed through its wholly owned subsidiary, 9900 Spectrum LLC, for an aggregate purchase price of $37,750,000 in cash. There were no material relationships between the Seller and LegalZoom, as well as their affiliates, and the Buyer, other than the sale of the Property.
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Additional details:
Property Address: 9900 Spectrum Drive, Austin, Texas 78717
Buyer Name: Round Rock Independent School District
Sale Price: $37,750,000
Form Type: 8-K
Filing Date: 2025-02-10
Corporate Action: Acquisition
Type: New
Accession Number: 000128613925000014
Filing Summary: On February 10, 2025, LegalZoom.com, Inc. entered into a stock purchase agreement with Formation Nation, Inc. and its sellers to acquire 100% of the equity interests in Formation Nation for a total cash consideration of $64,750,000 and 2,205,445 restricted shares of its common stock. The shares are subject to a two-year lock-up and voting restrictions. The cash consideration includes holdbacks for indemnity obligations. Upon closing, Formation Nation became a wholly owned subsidiary of LegalZoom.
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Additional details:
Entry Into Material Definitive Agreement: 2025-02-10
Transaction Amount Cash: 64,750,000
Transaction Amount Shares: 2,205,445
Holdback Cash Amount: 13,125,000
Additional Holdback Cash Amount: 2,312,500
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