Keypath Education International, Inc. (ASX: $KED) Form 10 Filing

Keypath Education International, Inc. (KED) has filed Form 10 with the U.S. Securities and Exchange Commission (SEC) due to exceeding certain total asset and holder of record thresholds. The company has no current plans for an initial public offering in the U.S. but expects the Form 10 to become effective by the end of April 2024. KED intends to apply for a waiver from ASX to avoid duplication of financial reporting while providing all ASX and SEC required information to the market. KED engaged KPMG LLP to undertake a required audit under U.S. Public Company Accounting Oversight Board (PCAOB) and in accordance with auditing standards generally accepted in the United States of America (GAAS) standards of the Company's financial statements for the last three financial years.

Executive Commentary on Form 10 Filing

The company faces various risks including regulatory, growth, financial, and operational risks. The success of its programs depends on its ability to recruit qualified potential students. Keypath is a global, market-leading edtech company in the online program management (OPM) market. The company provides services to its university partners including designing, developing, launching, marketing, and managing online programs. Keypath has over 700 employees with operations in Australia, the U.S., Canada, the UK, Malaysia, and Singapore. The company's growth strategy includes growing enrollments, expanding market share, adding new programs, and expanding into new markets. Keypath has incurred losses in the past and may continue to incur losses. The company's future success depends on the efforts of its key personnel and its ability to retain and attract key personnel.

Summary of Form 10 Filing and Outlook

Keypath Education International, Inc. (KED) has filed Form 10 with the U.S. Securities and Exchange Commission (SEC) and expects it to become effective by the end of April 2024. The company intends to apply for a waiver from ASX to avoid duplication of financial reporting while providing all ASX and SEC required information to the market. KED engaged KPMG LLP to undertake a required audit under U.S. Public Company Accounting Oversight Board (PCAOB) and in accordance with auditing standards generally accepted in the United States of America (GAAS) standards of the Company's financial statements for the last three financial years. The company's ambitions include growing enrollments, expanding market share, adding new programs, and expanding into new markets. However, it faces various risks including regulatory, growth, financial, and operational risks, and its success depends on its ability to recruit qualified potential students and retain key personnel.