EX-5.1 2 aspu_ex5z1.htm OPINION Opinion

 


Exhibit 5.1


Nason, Yeager, Gerson White & Lioce, P.A.

3001 PGA Blvd., Suite 305

Palm Beach Gardens, FL 33410


July 19, 2018



Aspen Group, Inc.

276 Fifth Avenue, Suite 306

New York, New York 10001

Attention: Michael Mathews


                 Chief Executive Officer


Ladies and Gentlemen:


We have acted as counsel to Aspen Group, Inc., a Delaware corporation (the “Company”), in connection with (i) the preparation and filing of the Registration Statement on Form S-3 (Registration No. 333-224230) (the “Registration Statement”) filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), and the related prospectus contained therein (the “Base Prospectus”) and (ii) the preparation and filing of the prospectus supplement, dated April 19, 2018 (the “Prospectus Supplement”) relating to the offer and sale by the Company of 1,000,000 shares of common stock, par value $0.001 per share (the “Common Stock”) of the Company (the “Shares”). The Shares are to be issued and sold by the Company to one investor. In connection with this opinion, we have (i) investigated such questions of law, (ii) examined originals or certified, conformed or reproduction copies of such agreements, instruments, documents and records of the Company, such certificates of public officials and such other documents and (iii) received such information from officers and representatives of the Company as we have deemed necessary or appropriate for the purposes of this opinion.


In all such examinations, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of original and certified documents and the conformity to original or certified documents of all copies submitted to us as conformed or reproduction copies. As to various questions of fact relevant to the opinion expressed herein, we have relied upon, and assume the accuracy of, certificates and oral or written statements and other information of or from public officials and officers and representatives of the Company.


Based upon the foregoing and subject to the limitations, qualifications and assumptions set forth herein, we are of the opinion that the Shares have been duly authorized for issuance and when sold and the Company receives $7,400,000, the Shares will be validly issued, fully paid and non-assessable.


The opinion expressed herein is limited to the applicable provisions of the General Corporation Law of the State of Delaware (the “DGCL”), as currently in effect, and reported judicial decisions interpreting such provisions of the DGCL.


The opinion expressed herein is limited to the matters stated herein and no opinion is implied or may be inferred beyond the matters expressly stated herein. We undertake no obligation to supplement this letter if any applicable laws change after the date hereof or if we become aware of any facts that might change the opinion expressed herein after that date or for any other reason.







 


We hereby consent to the filing of this opinion as Exhibit 5.1 to the Current Report on Form 8-K filed by the Company on the date hereof and which is incorporated by reference into the Registration Statement and to the references to this firm under the caption “Legal Matters” in the Prospectus Supplement. In giving these consents, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission.



 

Very truly yours,

 

 

 

/s/ Nason, Yeager, Gerson White & Lioce, P.A.

 

 

 

Nason, Yeager, Gerson White & Lioce, P.A.