{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-25-001395","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2025-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.698814+00:00","generated_at":"2026-05-17T04:31:17.528493+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"EDC sells Hilti Complex for $32.2M; buyer proceeds, closing within 45 days","bullets":["Purchase price reduced to $32.2M; buyer's notice to proceed waives escrow.","Proceeds will repay all outstanding bank debt; expect limited working capital borrowings.","Interest savings on reduced borrowings will exceed monthly rent, improving cashflow.","Complex: 402k sq ft; Hilti (15yr) and Crusoe Energy (10yr) leases assigned at closing.","EDC will sign triple-net lease for its occupied space post-closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-25-001395","json":"https://secwatch.observer/filing/0001185185-25-001395.json","markdown":"https://secwatch.observer/filing/0001185185-25-001395.md","text":"https://secwatch.observer/filing/0001185185-25-001395.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518525001395/0001185185-25-001395-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518525001395/educ8k100625.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:31:17.528493+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}