PCS Edventures! Increases Board Size and Elects Sean Iddings as Director

PCS Edventures!, Inc., a company involved in providing educational programs, recently made significant changes to its board of directors. On January 22, 2025, the current Board of Directors decided to expand the board’s size to three members and elected Sean Iddings as a director. This appointment is effective until the next annual meeting of shareholders or until a successor is elected and duly qualified.

Sean Iddings, aged 37, comes with a wealth of experience in scaling businesses, engaging with investors, and spotting high-growth opportunities. He previously served as the Chief Community Officer at MicroCapClub LLC, where he played a pivotal role in establishing a network of seasoned investors dedicated to uncovering promising microcap companies. Notably, from 2019 to 2024, Iddings founded and grew Immersion Factory LLC into the largest real estate photography company in Central NY, showcasing his proficiency in expanding businesses within specialized markets. He holds over fifteen years of investment experience in the microcap sector and holds a B.A. Degree from Berklee College of Music.

In recognition of Iddings’ service on the Board of Directors, he will be compensated with 20,000 shares of PCS Edventures! no-par-value common stock per quarter, which will consist of “restricted securities,” as defined in SEC Rule 144.

Additionally, in the quarter ending December 31, 2024, PCS Edventures! repurchased 1,172,417 shares of its common stock from an investor and former board member. These shares were acquired for services provided and through a debt-to-equity conversion dating back to the years 2013-2016, at a price of $0.21 per share, totaling $246,207.57. The company subsequently canceled these repurchased shares, resulting in a reduction of outstanding shares from 124,131,410 to 122,958,993 shares.

On the same day, the company also repurchased 769,230 shares of its common stock from another investor who participated in a private capital raise in 2016. These shares were acquired at a price of $0.205 per share, amounting to $157,692.15. Similar to the earlier repurchase, PCS Edventures! plans to cancel these shares, consequently decreasing the outstanding shares to 122,189,763 from 122,958,993 shares.

These recent strategic moves demonstrate PCS Edventures!’ ongoing commitment to optimizing its governance structure and enhancing shareholder value.

The report was signed on behalf of PCS Edventures!, Inc., by Michael Bledsoe, the President, Director, and Principal Financial Officer, on January 28, 2025.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read PCS Edventures!’s 8K filing here.

About PCS Edventures!

PCS Edventures!, Inc develops, markets, and distributes technology-based educational products and services to the pre-kindergarten through university classroom, the K-12 afterschool, the private learning center, and the home school markets in the United States and internationally. Its products include PCS Edventures! Labs, a learning center that offers teaching in science, technology, engineering, and math (STEM); and PCS BrickLab, a system of building blocks combined with PCS curriculum resources that address technology, math, construction engineering, communication, and science principles.