This is what the Zovio balance sheet looked like before the deal:
Assets: $85 million ($20 million cash)
Liabilities: $79 million
Loss Last Q: $4.7 million
Shareholder Equity: $6 million (for 33 million shares)
For those at UAGC, welcome to University of Arizona.
https://www.thelayoff.com/t/1i28W27e