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Newsfile Corp
19 days ago
Educational Development Corporation Announces 1st Amendment to Real Estate Contract and Receipt of Buyers Intent to Proceed with Purchase of Real Estate
Tulsa, Oklahoma--(Newsfile Corp. - October 6, 2025) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", the "Company" or "Seller") (http://www.edcpub.com) announced that on October 1, 2025, the Company and 10Mark 10K Industrial, LLC, a Delaware limited liability company ("Buyer") executed the 1st 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.