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GlobeNewsWire
1 month ago
EpicQuest Education Announces 1-for-16 Reverse Stock Split
TOLEDO, Ohio, Feb. 12, 2026 (GLOBE NEWSWIRE) -- EpicQuest Education Group International Limited (Nasdaq: EEIQ), ("EpicQuest Education," or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that the Company's Board of Directors (the “Board”) approved (i) a reverse stock split (the “Reverse Stock Split”) of the Company's ordinary shares (the “Ordinary Shares”) at a ratio of 1-for-16, and (ii) the amendment and restatement of the Company's Amended and Restated Memorandum and Articles of Association in order to reduce the authorized number of Ordinary Shares from 970,000,000 shares to 60,625,000 shares, to reduce the authorized but unissued number of Preferred Shares from 10,000,000 shares to 625,000 shares (a reduction at the same ratio as Reverse Stock Split), and to increase the par value per share of Ordinary Shares and Preferred Shares from US$0.0016 to US$0.0256 per share. The Reverse Stock Split will be effective on Tuesday, February 17, 2026 (the “Effective Date”) and the Ordinary Shares will begin trading on a split-adjusted basis when the Nasdaq Stock Market LLC opens for trading on that same day.