On July 1, 2018, Grand Canyon Education, Inc., consummated an Asset Purchase Agreement with Gazelle University, an Arizona nonprofit corporation. Prior to the consummation of the transactions contemplated by the Asset Purchase Agreement, the company operated Grand Canyon University (‘GCU'), a comprehensive university, regionally accredited by The Higher Learning Commission (the ‘HLC'), that offers over 225 graduate and undergraduate degree programs, emphases and certificates across nine colleges both online and on ground at its over 275 acre campus in Phoenix, Arizona. Upon the closing of the transaction, Gazelle University changed its name to Grand Canyon University (‘New GCU'). In connection with ‘Asset Purchase Agreement and Related Agreements,' effective upon the closing of the transaction, Mr. Brian M. Roberts, the Company's Senior Vice President and General Counsel, resigned his employment with the company and became the Chief Administrative Officer and General Counsel of New GCU.

The company relocated its corporate offices from 3300 West Camelback Road, Phoenix, Arizona 85017 to 2600 West Camelback Road, Phoenix, Arizona 85017, effective July 1, 2018.