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In this video tutorial, Nitro Pro's editing tool is demonstrated, showing how to easily move and edit text within bounding boxes. To edit text, open the document, select the edit tool, and modify the text within the bounding boxes. The floating toolbar allows for changes in font, case, style, color, and size. To finish editing, press escape or click elsewhere on the document. To move text, drag and drop the bounding box to a new location. Deleting text is as simple as clicking the bounding box.