Internationalization Strategy
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EpicQuest Education Enters into Agreement to Offer its Graduate Foundational and Masters of Science in Management Programs Globally
Globenewswire· 2026-02-19 13:20
Core Viewpoint - EpicQuest Education Group International Limited has announced an Agency Agreement with Veritas Global Uni (Pvt) Ltd to recruit students for Davis University's online graduate programs, aiming to enhance accessibility to higher education for diverse regions [1][2]. Group 1: Agreement Details - The Agreement allows Veritas to act as a non-exclusive recruitment agent for Davis University's online Masters of Science in Management and Graduate Foundational programs [1][2]. - Target regions for recruitment include China, Hong Kong, Singapore, the Middle East, and Southeast Asia, excluding Sri Lanka due to an existing agreement with another party [2]. Group 2: Strategic Importance - The collaboration is part of EpicQuest Education's internationalization strategy, which aims to expand student enrollment and academic offerings [3]. - The initiative is designed to support students in pursuing meaningful careers by providing flexible online education options that enhance employability [2][3]. Group 3: About Davis University - Davis University, founded in 1858, is a private career-training institution in Toledo, Ohio, offering specialized professional training and flexible coursework [4]. - The university has agreements with several four-year US universities for transfer pathways and articulation agreements with international schools [4]. Group 4: About EpicQuest Education - EpicQuest Education provides comprehensive education solutions for students seeking degrees in the US, Canada, and the UK, and owns EduGlobal College in British Columbia [5]. - The company has established a wholly owned subsidiary, Gilmore Inv LLC, to offer international educational programs related to kinesiology and recreation education [6].
EpicQuest Education Announces 1-for-16 Reverse Stock Split
Globenewswire· 2026-02-12 14:00
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].