Welcome to our dedicated page for American Public news (Ticker: APEI), a resource for investors and traders seeking the latest updates and insights on American Public stock.
American Public Education, Inc. reports developments across its online and campus-based postsecondary education institutions, including American Public University System, Rasmussen University and Hondros College of Nursing. The company operates through APU Global, which serves military, veteran, extended military-family and public-service communities through American Military University and American Public University, and RU Health+, which focuses on nursing and health sciences education through campus and online programs.
Recurring news includes quarterly and annual financial results, enrollment and course-registration updates, nursing program launches, education-technology platform changes, tuition partnerships, academic recognition programs and regulatory developments affecting program growth or student funding.
American Public Education, Inc. (Nasdaq: APEI) has completed its underwritten public offering, selling 3,680,000 shares of common stock at $25.00 per share, generating gross proceeds of $92 million before expenses. The offering included the full exercise of an option for an additional 480,000 shares. Truist Securities and William Blair served as joint lead managers, with B. Riley Securities as a book-running manager. The securities were registered under Form S-3 and relevant documents are accessible on the SEC website.
American Public Education, Inc. (Nasdaq: APEI) has announced the pricing of a public offering of 3,200,000 shares of its common stock at $25.00 per share. The offering aims to generate approximately $80 million in gross proceeds, excluding underwriter options. APEI plans to use the funds for general corporate purposes, potential capital expenditures, and costs related to the acquisition of Rasmussen University. The offering is expected to close on March 1, 2021, pending customary closing conditions.
American Public Education, Inc. (Nasdaq: APEI) has initiated a public offering of its common stock, exclusively selling shares owned by the company. The offering includes a 30-day option for underwriters to purchase an additional 15% of shares. Proceeds from the offering are expected to be used for general corporate purposes, including potential costs related to the acquisition of Rasmussen University, which involves replacing a $29 million preferred stock obligation. The offering is subject to market conditions and is made under an effective SEC shelf registration.
American Public University System (APUS) and Rio Salado College have partnered to offer students a streamlined pathway to earn an online associate degree with guaranteed admission to select baccalaureate programs. This collaboration aims to enhance educational access for non-traditional students, including military personnel, by allowing them to transfer up to 90 credits toward their bachelor's degrees. With nearly 50,000 students served annually, both institutions emphasize high-quality and affordable education. APUS provides over 200 programs, fostering career growth through accessible online learning.
Hondros College of Nursing announced plans to open a new campus in Akron, Ohio, in April 2021 to address the ongoing nursing shortage in the region and across the U.S. The Bureau of Labor Statistics anticipates over 175,000 registered nursing job openings annually through 2029, with substantial growth expected in Northeast Ohio. The new campus will be Hondros' seventh location and aims to provide practical nursing education, enhancing workforce readiness in the healthcare sector, particularly amid the COVID-19 pandemic.
American Public Education, Inc. (NASDAQ: APEI) will announce its fourth quarter and full year 2020 results on March 9, 2021, after U.S. market close. A live conference call will be held at 5:00 p.m. Eastern time that same day, accessible via the company's investor relations website. A replay will be available two hours post-call and archived for one year. APEI is a key player in the online education sector, serving over 88,000 learners globally with more than 220 programs.
American Public Education, Inc. (NASDAQ: APEI) will participate in the 23rd Annual Needham Virtual Growth Conference on January 12, 2021. CEO Angela Selden will present at 2:00 p.m. Eastern time.
Investors can access a live broadcast here. APEI will also conduct one-on-one meetings with investors throughout the day. Interested parties can contact Needham & Company for scheduling.
A recording of the presentation will be available on APEI's website for 90 days post-event.
Four master's-level students and alumni from the American Public University System have been named Presidential Management Fellowship Finalists for 2021. Since 2011, nearly 60 alumni achieved this prestigious status. The finalists include Joshua Baker (Environmental Policy Studies), Rebecca J. Bryson (Public Administration), Benjamin Kenyon (Business Administration), and Marsha D. Reveal (Conflict Analysis). The PMF program aims to cultivate future government leaders and has a selection rate of under 10% of applicants.
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American Public University System (APUS) has renamed its business school to the Dr. Wallace E. Boston School of Business in honor of Dr. Boston's nearly two decades of leadership. As of September 30, 2020, APUS had 86,300 active students, a tenfold increase since Dr. Boston's tenure began. The School of Business offers 51 online programs and has conferred over 26,500 degrees and certificates. Dr. Boston's leadership contributed to key milestones, including initial accreditation and an IPO in 2007. APUS aims to prepare students for careers in the global business community.