EpicQuest Education Announces Pricing of $3.7 Million Offering

Core Viewpoint - EpicQuest Education Group International Limited has entered into a securities purchase agreement for the sale of 5,068,493 ordinary shares at a price of $0.73 per share, aiming to raise approximately $3.7 million for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering is being facilitated by FT Global Capital, Inc. as the exclusive placement agent, with the closing expected around August 26, 2025, pending customary closing conditions [2]. - The gross proceeds from the offering are anticipated to be approximately $3.7 million before deducting fees and expenses [2]. Group 2: Company Overview - EpicQuest Education provides higher education solutions for domestic and international students in the US, Canada, and the UK, operating EduGlobal University in British Columbia and holding a 70% stake in Davis University in Toledo, Ohio [4]. - The company has established a subsidiary, Gilmore Inv LLC, in Ohio to offer international educational programs related to kinesiology and recreation education, and formed SouthGilmore LLC for sports-related entertainment projects [4].