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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.
FT Global Capital, Inc. is acting as the exclusive placement agent for the offering.
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.
Posted In: EEIQ
