EpicQuest Education prices $3.7 million registered direct offering

EpicQuest Education Group International Limited (NASDAQ: EEIQ) announced it has entered into a securities purchase agreement with institutional investors for a registered direct offering of 5,068,493 ordinary shares at $0.73 per share.

The Toledo, Ohio-based education provider expects to receive approximately $3.7 million in gross proceeds before deducting placement agent fees and other offering expenses. FT Global Capital, Inc. is serving as the exclusive placement agent for the transaction.

The offering is expected to close on or about August 26, 2025, subject to customary closing conditions. The company stated it intends to use net proceeds for working capital and general corporate purposes.

The shares are being issued under an effective shelf registration statement on Form F-3 that was previously filed with the U.S. Securities and Exchange Commission and declared effective on November 4, 2022. A prospectus supplement describing the offering terms will be filed with the SEC.

EpicQuest Education operates as a provider of higher education solutions for domestic and international students in the United States, Canada and the United Kingdom. The company owns and operates EduGlobal University in British Columbia, Canada, and operates Davis University in Toledo, Ohio, of which it owns a 70% stake.

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