ASPEN GROUP, INC. (NASDAQ: ASPU) Files An 8-K Other Events

ASPEN GROUP, INC. (NASDAQ: ASPU) Files An 8-K Other Events
Item 8.01Other Events.

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On December 3, 2018, Aspen Group, Inc. (the “Company”) made a scheduled payment of $1,000,000 of principal and $160,000 of accrued interest under the 8% Convertible Note in the initial principal amount of $2,000,000 issued on December 1, 2017 (the “Note”). The Note was issued in connection with the acquisition by the Company of the operating assets of United States University, a regionally accredited for-profit university based in California, as previously disclosed in the Current Report on Form 8-K filed on December 1, 2017. The remaining $1,000,000 of principal amount outstanding under the Note will mature on December 1, 2019.

The Company used its existing cash resources to make this payment, and continues to be comfortable with its liquidity. No shares of common stock of the Company were issued to the payee.

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