EDUCATIONAL DEVELOPMENT CORP: Completion of Acquisition or Disposal of Assets, Other Events, Financial Statements, and Exhibits (Form 8-K)

0

ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSAL OF ASSETS

On October 26, 2022, Education Development Corporation announced, via press release, the acquisition of SmartLab Toys, a creator of STEAM toys and games that focus on hands-on educational experiences to encourage children to develop skills in the fundamental disciplines of science, technology , Engineering, Arts, and mathematics. The terms set out in the Asset Purchase Agreement between
Education Development Corporation and Quarto Publishing Group United States should be completed by November 30, 2022. The consideration paid to Quarto Publishing Group, USA for the assets of SmartLab Toys, and historical sales volumes are not material to the Company. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM 8.01       OTHER EVENTS


On October 26, 2022, Education Development Corporation announced, by press release, the acquisition of SmartLab Toys. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS



(d)     EXHIBITS



Exhibit

Number Designation

99.1 Press Release of the October 26, 2022

104 Cover Page Interactive Data File (online XBRL formatted)

————————————————– ——————————

© Edgar Online, source Previews

Share.

Comments are closed.