EpicQuest Education Announces 1-for-16 Reverse Stock Split

Core Viewpoint - EpicQuest Education Group International Limited has announced a reverse stock split of its ordinary shares at a ratio of 1-for-16, along with amendments to its Memorandum and Articles of Association to reduce the authorized number of shares and increase the par value per share [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on February 17, 2026, with shares trading on a split-adjusted basis on the Nasdaq Capital Market under the new CUSIP number G3104J142 [2]. - The number of outstanding ordinary shares will decrease from approximately 23,671,667 to about 1,479,479 shares as a result of the reverse stock split [3]. - No fractional shares will be issued; instead, cash will be paid for fractional shares based on the fair value determined by the closing price on the first trading day after the split [4]. Group 2: Company Strategy and Operations - EpicQuest Education's internationalization strategy focuses on collaborative programs with its institutions, Davis University and EduGlobal College, to enhance student enrollment and academic offerings [6]. - The company operates EduGlobal College in British Columbia, Canada, and holds a 70% ownership stake in Davis University in Toledo, Ohio, which provides career training [7]. - EpicQuest Education has established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio to offer international educational programs related to kinesiology and recreation education [7].