EpicQuest Education Enters into MOU to Offer its Masters in Management Program in the South Asia Market
Rhea-AI Summary
EpicQuest Education (Nasdaq: EEIQ) announced a non-binding MOU dated February 25, 2026 to offer Davis University’s online Masters of Science in Management program in the South Asia market.
The MOU runs up to three years and estimates potential revenue of up to $2.5 million over the next three years; Davis remains the sole degree-granting authority while MSM handles recruitment, enrollment, teaching and administration.
Positive
- Potential revenue of up to $2.5 million over three years
- Expansion into South Asia broadens international enrollment opportunity
- Davis retained as sole degree-granting academic authority
Negative
- MOU is non-binding, creating execution and timing uncertainty
- Operational reliance on MSM for recruiting, teaching and administration
Market Reaction – EEIQ
Following this news, EEIQ has declined 5.15%, reflecting a notable negative market reaction. Argus tracked a peak move of +6.1% during the session. Our momentum scanner has triggered 7 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $2.58. This price movement has removed approximately $218K from the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
EEIQ is down 13.1% while key peers show mixed moves: AMBO up 7.71%, GV up 3.95%, YQ down 3.46%, and KIDZ down 18.73%. Only KIDZ also appears in momentum scanners to the downside, pointing to largely stock-specific pressure for EEIQ.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 19 | Global recruitment deal | Positive | -3.7% | Agency agreement to recruit globally for online MSM and foundational programs. |
| Feb 12 | Reverse stock split | Negative | -22.5% | 1-for-16 reverse split to consolidate shares and adjust trading price. |
| Jan 28 | Fiscal 2025 earnings | Positive | -6.1% | Revenue growth, narrowed net loss, higher cash and equity balances. |
| Jan 09 | Branding award, AI plans | Positive | -3.9% | CES branding award and disclosure of AI-based university development plans. |
| Jan 05 | Sri Lanka MSM MOU | Positive | +10.6% | Sri Lanka MOU to internationalize MSM program with multi-year enrollment targets. |
Recent history shows frequent negative price reactions to generally positive operational updates, with occasional upside on international expansion news.
Over the past months, EEIQ has focused on international expansion and capital markets actions. A Jan 5 MOU to launch the MSM program in Sri Lanka, with targeted enrollment ramp and at least $2 million potential revenue, was followed by a 10.62% gain. However, other positive items—such as the Jan 9 branding award, Jan 28 fiscal 2025 growth with reduced losses, and the Feb 19 global recruitment agreement—were met with share price declines. The Feb 12 1-for-16 reverse split also saw a sharp selloff.
Regulatory & Risk Context
An active Form F-3/A shelf registration allows resale of up to 18,253,425 ordinary shares by existing holders. EEIQ itself is not selling shares under this amendment but could receive up to $6,665,000 if associated warrants are exercised for cash at their stated prices.
Market Pulse Summary
The stock is down -5.2% following this news. A negative reaction despite growth-focused news fits a pattern where EEIQ has often sold off on positive updates, including earnings and branding milestones. The MOU’s potential to add up to $2.5 million over three years may be overshadowed by broader concerns evident in recent filings, such as the 1-for-16 reverse split and an active F-3/A registering 18,253,425 shares for resale, which together highlight capital structure and financing overhangs.
Key Terms
memorandum of understanding regulatory
mou regulatory
AI-generated analysis. Not financial advice.
The Expansion of its Graduate Degree Program into the South Asia Market has the Potential to Generate Revenue of up to
TOLEDO, Ohio, Feb. 26, 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 Davis University (“Davis”) recently entered into a non-binding Memorandum of Understanding (“MOU”) with M Square Business Solutions USA Inc. dba MSM Unify (“MSM”) to offer Davis’ Masters of Science in Management Program in an online format. The MOU was signed on February 25, 2026, and will be in effect for up to three years.
“By expanding our academic presence around the globe, we are providing access to world-class education while also diversifying and strengthening our revenue base,” commented Diane Brunner, President of Davis University. “This MOU underscores our commitment to our internationalization strategy which is the cornerstone of our growth strategy. It expands our reach into the South Asia region, and offers students an exceptional education with a high return on investment.”
The MOU between Davis and MSM stipulates that Davis is the sole academic authority and degree-granting institution for the online Masters of Science in Management Program, while MSM acts as the recruiting, enrollment, teaching and administrative services entity. Students can be enrolled in three program tracks: (i) programs requiring additional undergraduate/graduate foundational courses, (ii) programs requiring only graduate foundational courses, and (iii) programs with no required foundational coursework.
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 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 in this release include, without limitation, the ability of Davis University to be successful in working with M Square Business Solutions USA Inc. to achieve the goals as stated in the MOU, and to achieve the expected enrollment and estimated revenue over the next three years. 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 26, 2026 about South Asia?
How much revenue could the EEIQ MOU generate over the next three years?
Who will grant the degree under the EEIQ/Davis MOU (EEIQ ticker EEIQ)?
What is the duration and legal status of the MOU for EEIQ’s South Asia expansion?
How will students be enrolled under the Davis MS in Management offering via EEIQ?
What role will MSM Unify play in the EEIQ/Davis partnership?
