Medalist Diversified, Inc. Terminates Two Property Purchase Agreements

What Happened
Medalist Diversified, Inc. (MDRR) announced that it exercised its right to terminate two previously disclosed Purchase and Sale Agreements during the inspection period. The agreements—dated July 21, 2026—were with NPH Ventures, LLC for two Caliber Collision Center properties in Texas. The company exercised the terminations on August 18, 2026 and disclosed the action in an 8-K filed August 20, 2026.

Key Details

• Agreements: the “Denton Agreement” (8600 Highway 377, Aubrey, TX 76258) and the “Johnson Agreement” (282 South Colonial Drive, Cleburne, TX 76033).
• Seller: NPH Ventures, LLC (Delaware LLC).
• Dates: Purchase agreements entered July 21, 2026; termination exercised August 18, 2026; 8-K filed August 20, 2026.
• Financial effect stated: earnest money deposits previously paid by the Company will be refunded under the agreement terms.
• The original agreements were filed as Exhibits 10.1 and 10.2 to the Company’s July 22, 2026 Form 8-K and are incorporated by reference.

Why It Matters
For investors, this means Medalist will not proceed with the two contemplated property acquisitions and will recover its earnest money deposits—preserving cash that had been placed on deposit. The filing does not disclose any additional financial impact or alternative acquisition plans; therefore, there is no disclosed change to reported earnings or executive management as a result of these terminations.