- Lincoln Educational Services Corp (NASDAQ:LINC) has entered into a sale-leaseback agreement for Denver, Colorado, and Grand Prairie, Texas campuses.
- The sale agreement for Lincoln’s properties in Denver and Grand Prairie is for an aggregate purchase price of $46.5 million. It plans to enter into a triple-net lease agreement for a twenty-year term.
- Lincoln has entered into a separate agreement to sell the property hosting its Nashville, Tennessee campus for $34.5 million. The company’s new campus location has not yet been determined.
- Lincoln Educational Services expects the two transactions to generate gross proceeds of $81 million.
- Lincoln intends to use $17 million to repay the outstanding term loan balance and to invest $10 million – $15 million for the buildout of its new Nashville campus.
- Price Action: LINC shares are trading higher by 10.1% at $6.9 on the last check Tuesday.
Ensysce Biosciences And Quotient Sciences Announce A Partnership On The Development And Clinical Testing Of Ensysce’s PF614-MPAR, A Novel Opioid Designed To Prevent Abuse And Overdose
Partnership further expedites Ensysce’s development pipeline
NOTTINGHAM, UK; August 31, 2022 – Ensysce Biosciences, Inc. ("Ensysce" or the "Company") (NASDAQ:ENSC)(OTC:ENSCW), a
