EpicQuest Education Group International Limited announced on August 26, 2025, the closing of its registered direct offering. The company sold 5,068,494 ordinary shares to institutional investors at a purchase price of $0.73 per share.
The offering generated gross proceeds of approximately $3.7 million before deducting placement agent fees and other offering expenses. FT Global Capital, Inc. acted as the exclusive placement agent for the transaction.
The company intends to use the net proceeds from this offering for working capital and general corporate purposes. This capital infusion is crucial for supporting ongoing operations and strategic initiatives, though it increases the number of outstanding shares.
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