Aspen Group, Inc. (ASPU) Cancels Equity Distribution Agreement

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Go back to Aspen Group, Inc. (ASPU) Cancels Equity Distribution Agreement

Aspen Group, Inc. Cancels Equity Distribution Agreement

October 11, 2022 4:01 PM EDT

NEW YORK, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI") (Nasdaq: ASPU), an education technology holding company, today announced that the Company has canceled the Equity Distribution Agreement that it entered into on August 18, 2022 with Northland Securities, Inc.

As we discussed in our first quarter fiscal year 2023 earnings call, we implemented a restructuring plan to address the Companys working capital requirements, reduce our cash burn and achieve our operational goals over the next 12 months, stated Michael Mathews, Chairman and CEO. We are encouraged by the results we are achieving thus far and have... More