On October 6, 2025, Educational Development Corporation announced receipt of the buyer’s Notice to Proceed for the sale of its Hilti Complex, following a 1st Amendment to the Commercial Real Estate Contract with 10Mark 10K Industrial, LLC. The amendment extended the due diligence period to October 6 and lowered the purchase price to $32.2 million.
The sale proceeds are earmarked to repay outstanding bank balances, eliminating monthly mortgage payments and reducing interest expense. The transaction is a key component of EDUC’s strategic reset, removing a significant debt load and providing liquidity to fund operations and inventory conversion.
The reduced purchase price and timely notice to proceed signal progress toward debt elimination and improved cash flow, reinforcing the company’s plan to transition to a debt‑free, leaner operation.
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