EDC terminates sale-leaseback of Hilti Complex after buyer backs out

EDUCATIONAL DEVELOPMENT CORP

TG OTC, LLC terminated the purchase agreement for EDC's HQ and warehouse on July 28, 2025, after due diligence.
EDC had originally owed $28.9M on the complex; has paid down $2.8M, now owes $26.1M.
Company is evaluating other offers received during initial marketing and pursuing additional financing options.
CEO Craig White highlighted improved balance sheet and net value of the complex despite termination.

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