- Phoenix Education Partners, Inc. completed its **initial public offering (IPO)** around **October 8-9, 2025**.  **[1600222_0000950142-25-002812_eh250691528_ex1002.htm:0]** **[1600222_0000950142-25-002812_eh250691528_ex1003.htm:0]** **[1600222_0000950142-25-002812_eh250691528_8k.htm:2]** 
- In connection with the IPO, the company entered into a **Registration Rights Agreement** on **October 8, 2025**, granting certain registration rights to holders of its Registrable Securities.  **[1600222_0000950142-25-002812_eh250691528_ex1002.htm:0]** **[1600222_0000950142-25-002812_eh250691528_8k.htm:7]** 
- The company's authorized capital stock includes **1,495,000,000 shares of Common Stock** and **5,000,000 shares of Preferred Stock**, each with a par value of **$0.01 per share**.  **[1600222_0000950142-25-002812_eh250691528_ex0301.htm:1]** 
- A **Stockholders’ Agreement** dated **October 8, 2025**, establishes governance rights for the Apollo and Vistria Stockholders, including director nomination rights based on beneficial ownership (e.g., **5%** for both, and Apollo can nominate a majority if owning over **50%** of voting power).  **[1600222_0000950142-25-002812_eh250691528_8k.htm:2]** **[1600222_0000950142-25-002812_eh250691528_8k.htm:7]**  This agreement also details certain corporate actions requiring Apollo Investor approval, such as incurring indebtedness or issuing equity exceeding **$50 million** in a single transaction or **$100 million** annually.  **[1600222_0000950142-25-002812_eh250691528_ex1001.htm:10]**

Phoenix Education Partners (PXED)