M&A - LEGALZOOM.COM, INC.

Back to List of Mergers and Acquisitions

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.

Document Link: View Document

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.

Document Link: View Document

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


Comments

No comments yet. Be the first to comment!