EpicQuest Education Announces 1-for-16 Reverse Stock Split
Rhea-AI Summary
EpicQuest Education (Nasdaq: EEIQ) announced a 1-for-16 reverse stock split effective February 17, 2026, with post-split trading on Nasdaq the same day under CUSIP G3104J142.
The company will reduce outstanding shares from ~23,671,667 to ~1,479,479, cut authorized ordinary shares to 60,625,000, and raise par value from $0.0016 to $0.0256. No preferred shares are outstanding. Fractional shares will be paid in cash based on the first post-split closing price.
Positive
- Reverse split ratio 1-for-16 effective Feb 17, 2026
- Outstanding shares reduced from ~23,671,667 to ~1,479,479
- Authorized ordinary shares reduced to 60,625,000
Negative
- Par value increased from $0.0016 to $0.0256 per share
- Fractional shares will be settled in cash at post-split closing price
Key Figures
Market Reality Check
Peers on Argus
Pre-news scanner data flagged only KIDZ in momentum, moving -12.9% with no news. Other education peers (AMBO, GV, WAFU, YQ) showed mixed, generally modest moves. With just one peer in the same direction and limited sector momentum, the setup points to a stock-specific catalyst rather than a broad education-sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 28 | Fiscal 2025 results | Positive | -1.9% | Revenue growth and reduced net loss for fiscal 2025. |
| Jan 09 | Branding award | Positive | -3.9% | CES Speed Award highlighting global branding and AI initiatives. |
| Jan 05 | Sri Lanka expansion | Positive | +10.6% | MOU to deliver MSM program abroad with targeted enrollment ramp. |
| Oct 29 | South America programs | Positive | +2.2% | Agreement to expand transfer pathways in South America. |
| Oct 09 | Enrollment milestone | Positive | +2.1% | Record foundational program enrollment with strong growth vs prior years. |
Positive expansion and enrollment updates often coincided with gains, while some fundamentally positive or recognition-related news saw short-term declines.
Over the last six months, EpicQuest has focused on international growth and operational progress. On Oct 9, 2025, it reported record foundational program enrollment and projected at least $5 million in related revenue, with a positive price move. Subsequent agreements in South America and Sri Lanka, plus a CES branding award, reinforced its internationalization strategy. Fiscal 2025 results on Jan 28, 2026 showed higher revenue and a reduced net loss, though shares dipped. Today’s stock split follows prior disclosures about Nasdaq bid-price compliance pressures.
Regulatory & Risk Context
An active Form F-3/A shelf amendment dated Oct 31, 2025 registers the resale of up to 18,253,425 ordinary shares by existing holders. The company itself is not selling shares under this registration and would receive no proceeds from those resales, though it may receive up to approximately $6,665,000 if associated warrants are fully exercised for cash.
Market Pulse Summary
This announcement restructures EpicQuest’s equity by implementing a 1-for-16 reverse split, cutting authorized ordinary shares from 970,000,000 to 60,625,000 and raising par value to $0.0256. Pre-news trading at 0.221, far below its 0.46 200-day MA and 52-week high, highlights prior price pressure that was discussed in regulatory filings referencing Nasdaq bid-price compliance. Investors may watch how the reduced share count, existing F-3/A resale shelf for 18,253,425 shares, and future financing needs interact with the company’s international growth strategy.
Key Terms
reverse stock split financial
par value financial
cusip financial
AI-generated analysis. Not financial advice.
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
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. The Ordinary Shares will continue to trade on the Nasdaq Capital Market under the trading symbol “EEIQ” but will trade under the following new CUSIP number: G3104J142.
As a result of the Reverse Stock Split, every 16 Ordinary Shares held as of the Effective Date will be automatically combined into one Ordinary Share. The number of outstanding Ordinary Shares will be reduced from approximately 23,671,667 Ordinary Shares to approximately 1,479,479 Ordinary Shares. There are currently no Preferred Shares outstanding.
No fractional shares will be issued as a result of the Reverse Stock Split; instead, the Company will pay cash in lieu of fractional shares in an amount equal to the fair value of such fractional share, with such fair value being the closing price of the Ordinary Shares on a post-Reverse Stock Split basis on the Nasdaq Capital Market on the first trading date of the Ordinary Shares following the effectiveness of the Reverse Stock Split.
The Reverse Stock Split affects all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s equity, except to the extent that the reverse split results in some stockholders owning a fractional share as described above. Once the Reverse Stock Split becomes effective, shareholders holding common stock through a bank, broker or other nominee will have their shares automatically adjusted to reflect the reverse stock split. Beneficial holders may contact their bank, broker or nominee for more information. Please direct any questions to your broker or the Company's transfer agent, Vstock Transfer LLC, by calling 212-828-8436 or contacting them by email at info@vstocktransfer.com.
EpicQuest Education's Strategy of Internationalization
EpicQuest Education believes that its collaborative programs for Davis University and EduGlobal College, its two owned and operated institutions of higher learning, are a key element of its internationalization strategy to expand its student enrollment and academic programming. The Company's strategy provides enhanced globalized learning and enriched multicultural experiences that can help students reach their full potential and better prepare them for careers in the global economy. Further, EpicQuest Education's strategic growth plan has increased its international student enrollment in recent periods which can lead to strong and sustainable financial results.
About EpicQuest Education Group International Limited
EpicQuest Education Group International Limited ("EpicQuest Education" or the "Company") provides comprehensive education solutions for domestic and international students seeking university and University degrees in the US, Canada and the UK. The Company owns and operates EduGlobal College, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a
Safe Harbor Statement
Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our most recent Form 20-F and otherwise in our SEC reports and filings and the Company’s statements regarding its ability to regain compliance with the Nasdaq Bid Price Rule. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
Contacts:
EpicQuest Education Group International Limited +1 513-649-8350
Investor Relations: Precept Investor Relations LLC
David Rudnick+1 646-694-8538
Source: EpicQuest Education Group International Limited
FAQ
What does EpicQuest Education's 1-for-16 reverse stock split (EEIQ) mean for shareholders on Feb 17, 2026?
How many EpicQuest (EEIQ) shares will be outstanding after the reverse split?
Will EpicQuest Education (EEIQ) change its CUSIP or trading symbol after the reverse split?
How will EpicQuest (EEIQ) handle fractional shares from the 1-for-16 reverse split?
Did EpicQuest (EEIQ) change its authorized share count or par value with the reverse split?
