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Educational Development Corporation Announces 1st Amendment to Real Estate Contract and Receipt of Buyers Intent to Proceed with Purchase of Real Estate [Yahoo! Finance]

Educational Development Corporation (EDUC) 
US:NASDAQ Investor Relations: edcpub.com/investors.aspx
Company Research Source: Yahoo! Finance
that on October 1, 2025, the Company and 10Mark 10K Industrial, LLC, a Delaware limited liability company ("Buyer") executed the 1 st Amendment to the Commercial Real Estate Contract ("Contract") for the Hilti complex, (the "Complex") extending the term of the initial 45 day due diligence period from October 2, 2025 to October 6, 2025 and reduced the purchase price of the Hilti Complex to $32,200,000. October 6, 2025, the Company received the Buyer's Notice to Proceed pursuant to the Contract. This notice to proceed, subject to certain conditions, waives the Buyer's right to the escrow outlined in the Contract. Per Craig White, President and Chief Executive Officer of Educational Development Corporation, "Over the last several weeks we have been working with the buyer to resolve certain issues associated with the sale of the Hilti Complex. Today, I am pleased to announce that we have received notice from the buyer of their intention to close on the transaction. The proceeds from t Show less Read more
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