Alico's $183.7M land sale terminated; buyer failed financing contingency

ALICO, INC.

Buyer Harford Farms LLC terminated the Purchase and Sale Agreement on May 1, 2025.
Termination due to inability to meet 30-day financing contingency; no early termination penalties.
Agreement from April 22 for sale of specified acreages and improvements for ~$183.7 million.
Sellers were Alico, Inc. and 734 LMC Groves, LLC; sale excluded certain personal property and citrus crop.

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