Elite Education Group International Limited Announces Partial Exercise of Underwriters Option

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[{"type":"text","content":"MIDDLETOWN, Ohio, March 31, 2021 /PRNewswire/ -- Elite Education Group International Limited (Nasdaq: EEIQ) (\"EEG\"), a provider of comprehensive, one-stop education solutions for Chinese students interested in study abroad programs in the US and other countries, today announced that the underwriters of the Company's completed $6.0 million initial public offering of 750,000 units have partially exercised their over-allotment option to purchase an additional 31,343 shares of common shares at $7.98 per share. Each unit consists of one common share, one Series A warrant, and one Series B warrant. As previously announced, the underwriters have exercised their option to purchase in full (i) Series A warrants to purchase 112,500 common shares, and (ii) Series B warrants to purchase 112,500 common shares. \n\n \n \n \n \n \n \n\n \nThe common shares are listed on the Nasdaq Capital Markets and began trading under the ticker symbol \"EEIQ\" on March 25, 2021.\nViewTrade Securities, a global provider of brokerage, investment banking, corporate/advisory and trading platform services, acted as sole book-running manager for the offering.\nA registration statement on Form F-1 relating to these securities was declared effective by the Securities and Exchange Commission (\"SEC\") on March 24, 2021. Copies of the registration statement can be accessed by visiting the SEC's website at www.sec.gov. The offering was made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained by visiting the SEC's website or from ViewTrade Securities, 7280 W. Palmetto Park Rd, #310, Boca Raton, FL 33433, Attention: Prospectus Department, or by email at [email protected]. \nThis press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. \nAbout Elite Education Group International Limited\nElite Education Group International Limited, through its subsidiary Quest Holding International LLC, provides comprehensive, one-stop education solutions for Chinese students who are interested in study abroad programs in the US and other ...

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