Business
EpicQuest Education Announces Pricing of $3.7 Million Offering
EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 5,068,493 ordinary shares (or pre-funded warrants in lieu thereof) in a registered direct offering at a purchase price of $0.73 per share.
About this update from Epicquest Education Group International Limited
[{"type":"text","content":"TOLEDO, Ohio, Aug. 25, 2025 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 5,068,493 ordinary shares (or pre-funded warrants in lieu thereof) in a registered direct offering at a purchase price of $0.73 per share.","length":583,"tagName":"p"},{"type":"image","alt":"EpicQuest Education Group International Limited (PRNewsfoto/EpicQuest Education Group International Limited)","displaySize":"","headline":null,"caption":"EpicQuest Education Group International Limited (PRNewsfoto/EpicQuest Education Group International Limited)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":196,"url":"https://media.zenfs.com/en/prnewswire.com/f9e70b22e8159004cbc56c4f8bbdb318"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/iuS9xWJ7DgLyuiCksRsjfA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM0NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f9e70b22e8159004cbc56c4f8bbdb318","width":400,"height":196}},"href":"https://mma.prnewswire.com/media/1888154/EpicQuest_Education_Group_International_Limited.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"FT Global Capital, Inc. is acting as the exclusive placement agent for the offering.","length":84,"tagName":"p"},{"type":"text","content":"The closing of the offering is expected to occur on or about August 26, 2025, subject to the satisfaction of customary closing conditions. The gross proceeds from the offering are expected to be approximately $3.7 million before deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.","length":425,"tagName":"p"},{"type":"text","content":"The common stock (or pre-funded warrants in lieu thereof) will be issued in a registered direct offering pursuant to an effective shelf registration statement on Form F-3 (File No. 333-264807) previously filed with the U.S. Securities and Exchange Commission (the "SEC"), ...
More updates from Epicquest Education Group International Limited