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EpicQuest Education's Financial Milestone

EpicQuest Education Group International Limited (NASDAQ: EEIQ) has marked an important moment in its growth by successfully closing a direct offering that has raised approximately $3.7 million. This capital infusion is aimed at bolstering the company’s operations and supporting its ongoing side projects within the higher education sector.

On August 26, 2025, EpicQuest Education finalized a securities purchase agreement with institutional investors for the acquisition of 5,068,494 ordinary shares, sold at a purchase price of $0.73 per share. The exclusive placement agent for this offering was FT Global Capital, Inc., underscoring the significance of this transaction in the financial markets.

The gross proceeds amounting to around $3.7 million will be utilized for working capital and broader corporate purposes, enhancing the company's ability to adapt and expand its educational services. The shares were issued as part of a registered direct offering under an effective shelf registration statement—previously filed with the U.S. Securities and Exchange Commission (SEC). The terms of this offering were detailed in a prospectus supplement filed with the SEC and is accessible on their website.

About EpicQuest Education

EpicQuest Education specializes in providing comprehensive educational solutions to both domestic and international students, particularly in the United States, Canada, and the UK. The company operates EduGlobal University in British Columbia, which focuses on English-language proficiency for students aiming for university degrees. Moreover, EpicQuest is a 70% owner of Davis University in Toledo, Ohio, which caters to career training needs.

Additionally, the company is involved with Miami University’s regional campuses in Ohio to support students with study abroad programs and post-study services. With a commitment to accessibility in higher education, EpicQuest has diversified its offerings by establishing specialized divisions such as Gilmore Inv LLC, which focuses on kinesiology and recreation education, and SouthGilmore LLC, which is developing sports entertainment endeavors.

Future Prospects

The successful closing of this offering represents more than just a financial boost; it reflects EpicQuest Education's commitment to enhancing educational opportunities. With thorough strategic planning and a focus on reaching a broader demographic of students, EpicQuest aims to solidify its position in the educational market. As the global demand for higher education continues to grow, the company's initiatives under this newly raised capital will play a crucial role in the development of innovative educational programs.

EpicQuest Education is poised for continued success as it evolves with industry demands, positioning itself to provide quality education and support services to an ever-expanding student base.

For more detailed information, EpicQuest Education Group's developments can be followed through their official website at www.epicquesteducation.com.