American Public Education, Inc. (Nasdaq: APEI) announced today the closing of its previously announced underwritten public offering of common stock. APEI sold 3,680,000 shares of its common stock at a public offering price of $25.00 per share, including the exercise in full by the underwriters of their option to purchase an additional 480,000 shares of common stock. Gross proceeds to APEI from the offering were $92 million before deducting the underwriting discounts and commissions and other estimated offering expenses payable by APEI.

Truist Securities and William Blair acted as joint lead book-running managers and as representatives of the underwriters for the offering. B. Riley Securities also acted as a book-running manager for the offering, and Barrington Research and Sidoti & Company, LLC acted as co-managers.

About American Public Education, Inc.

American Public Education, Inc. (Nasdaq: APEI) is a provider of higher learning through its wholly owned subsidiaries: American Public University System and Hondros College of Nursing. Together, these institutions serve more than 90,000 adult learners worldwide and offer more than 220 degree and certificate programs in fields ranging from homeland security, military studies, intelligence, and criminal justice to technology, business administration, public health, nursing and liberal arts.