EpicQuest Education Enters into Agreement to Offer its Graduate Foundational and Masters of Science in Management Programs Globally
Rhea-AI Summary
EpicQuest Education (Nasdaq: EEIQ) announced that Davis University entered an Agency Agreement with Veritas Global Uni (Pvt) Ltd. to act as a non-exclusive global recruitment agent for Davis’ online Masters of Science in Management and Graduate Foundational programs, focusing on China, Hong Kong, Singapore, the Middle East and Southeast Asia.
The Agreement confirms Davis as the sole degree-granting authority and aims to expand international enrollment as part of EpicQuest Education’s internationalization strategy.
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Market Reaction
Following this news, EEIQ has declined 4.74%, reflecting a moderate negative market reaction. Argus tracked a trough of -1.9% from its starting point during tracking. Our momentum scanner has triggered 4 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $3.08. This price movement has removed approximately $227K from the company's valuation. Trading volume is elevated at 2.7x the average, suggesting increased selling activity.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
EEIQ fell 9.4% while at least 2 education peers (e.g., KIDZ, AMBO) also moved down (median move about -5.4%), pointing to broader sector pressure alongside company-specific news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 12 | Reverse stock split | Neutral | -22.5% | Implemented 1-for-16 reverse split, reducing outstanding shares and raising par value. |
| Jan 28 | Earnings update | Positive | -1.9% | Reported higher revenue, reduced net loss, stronger cash and equity for fiscal 2025. |
| Jan 09 | Branding award | Positive | -3.9% | Received CES Speed Award recognizing internationalization and AI-based education strategy. |
| Jan 05 | Sri Lanka program | Positive | +10.6% | MOU for MSM program in Sri Lanka with multi-year student targets and revenue potential. |
| Oct 29 | South America expansion | Positive | +2.2% | Expanded transfer pathways via CAS in Ecuador, supporting broader international enrollment. |
The stock has shown mixed reactions: several positive international expansion and branding updates saw both gains and selloffs, while structural actions like the reverse split also drew notable downside.
Over the last few months, EEIQ reported fiscal 2025 results with revenue of $8.95M and a sharply reduced net loss, while highlighting Davis University’s first profitable year and strong international enrollment. It expanded international programs via agreements in Sri Lanka and South America and received a CES Speed Award for its global branding strategy. A 1-for-16 reverse stock split became effective on Feb 17, 2026. Today’s global recruitment agreement continues that internationalization and online-program focus.
Regulatory & Risk Context
An effective F-3 shelf (amended on Oct 31, 2025) registers the resale of up to 18,253,425 ordinary shares by selling shareholders. The company is not selling shares in that registration but could receive up to $6,665,000 if all related warrants are exercised for cash.
Market Pulse Summary
This announcement extends EEIQ’s internationalization strategy by adding a global recruitment partner for Davis University’s online management and foundational programs, targeting regions like China, Hong Kong, Singapore, the Middle East and Southeast Asia. It complements earlier initiatives in Sri Lanka and South America that emphasized online delivery and enrollment growth. Investors may monitor actual student intake, revenue contribution over the next three years, and how these programs interact with the company’s existing capital structure and registered resale capacity.
Key Terms
memorandum of understanding regulatory
AI-generated analysis. Not financial advice.
The Agreement Represents a Strategic Expansion into High Growth Markets with the Potential to Generate Substantial Revenue over the Next Three Years
TOLEDO, Ohio, Feb. 19, 2026 (GLOBE NEWSWIRE) -- EpicQuest Education Group International Limited (Nasdaq: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that Davis University (“Davis”) recently entered into an Agency Agreement (the “Agreement”) with Veritas Global Uni (Pvt) Ltd. (“Veritas”) for it to be a non-exclusive recruitment agent for Davis’ online Masters of Science in Management Program and its Graduate Foundational Program.
“The Agreement enables students from diverse regions to overcome the high cost of higher education and earn a valuable graduate degree by studying online. This initiative plays an important role in supporting students to pursue meaningful and well-paying careers, a central tenet of our mission,” said Diane Brunner, President of Davis University. “The regions to be targeted by Veritas represent dynamic, rapidly growing higher education markets fueled by young populations, expanding middle classes and a strong demand for international degrees. We believe that since these graduate programs are designed to enhance employability, the opportunity to study from one’s home country will resonate with students across many regions.”
The Agreement stipulates global recruitment for these programs with focus on China, Hong Kong, Singapore, the Middle East and Southeast Asia, but it exempts Sri Lanka, for which the Company already has entered into a non-binding Memorandum of Understanding with a separate party. The Agreement between Davis and Veritas stipulates that Davis is the sole academic authority and degree-granting institution for its online Masters of Science in Management and Graduate Foundational programs, while Veritas acts as the recruiting, enrollment and administrative services entity.
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 Davis University
Davis University (“Davis”) was founded in 1858 and is a private career-training University located in Toledo, Ohio. Davis offers a specialized professional career training curriculum in numerous fields, and its mission is to provide marketable skills that enhance the employability of its graduates. Davis offers coursework flexibility to ensure program success as well as externship opportunities that provide its student population with real-world skill sets prior to graduation. In addition to offering numerous associates degrees, and a bachelor’s degree in business, Davis has agreements with several four-year US universities for ‘transfer pathways’ that pave the way for its associate degree students to gain admission with the ability to transfer earned course credits. It also has articulation agreements with several international schools for the transfer of credits to attend Davis. Davis is accredited by The Higher Learning Commission and the Ohio State Board of Career Colleges and Schools with programs authorized by the Ohio Board of Higher Education. For more information, please visit www.davisuniversity.edu/.
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 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 in this release include, without limitation, the ability of Davis University to be successful in working with Veritas Global Uni (Pvt) Ltd. to achieve the goals as stated in the Agreement. 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. 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
info@epicquesteducation.com
Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com
Source: EpicQuest Education Group International Limited
FAQ
What did EpicQuest Education (EEIQ) announce on February 19, 2026 about Davis University recruitment?
Which programs will Veritas recruit for under the EEIQ/Davis University agreement and which regions are targeted?
Does the February 19, 2026 agreement change who awards Davis University degrees (EEIQ)?
How does the EEIQ announcement describe the strategic purpose of the Davis-Veritas Agreement for international students?
Will the EEIQ press release indicate immediate financial figures or guaranteed revenue from the Davis-Veritas deal?
