EDC terminates sale-leaseback of Hilti Complex with Rockford Holdings

EDUCATIONAL DEVELOPMENT CORP

Rockford notified EDC on Sept 12, 2024 it could not meet original purchase agreement; parties mutually terminated.
EDC is re-marketing its Tulsa headquarters and distribution warehouse after updating the offering memorandum.
Crusoe Energy Systems has leased ~25% of the office/warehouse space; this lease is included in marketing materials.
CEO White says proposed changes were not in stakeholders' best interest; company expects to find a new buyer soon.

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