EpicQuest Education Further Expands its International Programs with its Graduate Business Program in Sri Lanka
Rhea-AI Summary
EpicQuest Education (Nasdaq: EEIQ) announced that Davis University signed a non-binding MOU with Lyceum Campus in Sri Lanka to offer Davis' fully accredited Master of Science in Management (MSM) program internationally. The MOU was signed on Dec 12, 2025, runs four years (renewable) and targets online delivery with Davis remaining the sole degree-granting institution.
Lyceum agreed to target 150 students in Year 1 (May 2026–Feb 2027), increasing by 100 students per year to 450 students in Year 4 (May 2029–Feb 2030). The launch is presented with a potential revenue of at least $2 million over four years.
Positive
- Non-binding MOU signed on Dec 12, 2025
- MOU term of 4 years, renewable thereafter
- Enrollment targets ramp to 450 students by Year 4
- Projected $2M+ potential revenue over four years
Negative
- Agreement is a non-binding MOU, not a firm contract
- Revenue figure is potential and not guaranteed
- Enrollment targets require Lyceum to meet 150–450 student commitments
News Market Reaction
On the day this news was published, EEIQ gained 10.62%, reflecting a significant positive market reaction. Argus tracked a peak move of +39.3% during that session. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $709K to the company's valuation, bringing the market cap to $7M at that time. Trading volume was exceptionally heavy at 7.5x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
EEIQ’s 18.63% gain stands out versus mixed peer moves: WAFU up 5.54%, KIDZ modestly higher, while AMBO, GV and YQ are down slightly. This points to a company-specific reaction to the Sri Lanka MOU rather than a sector-wide education rally.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 29 | International expansion | Positive | +2.2% | Amended agreement to expand Davis transfer pathways in South America. |
| Oct 09 | Enrollment update | Positive | +2.1% | Record 175 foundational students and strong multi‑year growth metrics. |
| Sep 24 | Enrollment growth | Positive | -8.4% | 5x increase in international associate enrollment and new partnerships. |
| Sep 04 | Conference appearance | Neutral | +3.6% | Planned presentation at H.C. Wainwright Global Investment Conference. |
| Aug 28 | Program expansion | Positive | +5.5% | Agreement for a fourth foundational program at CUHK Shenzhen campus. |
Positive international expansion and enrollment updates have generally produced modest single-digit gains, with one notable selloff on strong enrollment growth, suggesting occasionally contrarian reactions to good news.
Over the last six months, EEIQ has focused on international expansion and enrollment growth. On Aug 28, 2025, it added a fourth foundational program in Shenzhen, followed by a 5.52% gain. A September update highlighted a 5x rise in associate degree enrollment but saw an 8.41% decline, showing that strong fundamentals do not always translate into positive price moves. Subsequent October headlines on record foundational enrollment and a South America agreement drew low‑single‑digit gains. Today’s Sri Lanka graduate program MOU extends this global strategy, now targeting South Asia.
Regulatory & Risk Context
EEIQ has an active Form F-3/A shelf amendment registering the resale of up to 18,253,425 ordinary shares by selling shareholders. The company is not selling shares in this registration and would receive no proceeds from resales, but could obtain approximately $6,665,000 if related warrants are exercised for cash, adding potential future share issuance on top of business expansion.
Market Pulse Summary
The stock surged +10.6% in the session following this news. A strong positive reaction aligns with EEIQ’s pattern of investors rewarding international expansion, though past moves were mostly single‑digit. The Sri Lanka graduate program MOU adds at least $2 million projected revenue and structured enrollment targets up to 450 students, against a stock still trading far below its 52‑week high. Existing shelf registration and warrant-related share issuance capacity could weigh on how sustainable any sharp rally becomes.
Key Terms
memorandum of understanding regulatory
AI-generated analysis. Not financial advice.
Davis University's First Graduate Program to be Offered Internationally with Potential to Generate Revenue of At Least
"The global launch of Davis University's Masters of Science program reflects our commitment to a truly global vision of education, and it is a central pillar of our internationalization strategy," said Diane Brunner, President of Davis University. "By extending our academic footprint across continents, we are not only expanding access to world-class education but also strengthening our diverse global revenue base. Our relationship with Lyceum Campus opens doors to a key
The MOU between Davis and Lyceum launches a strategic academic relationship to bring Davis' Masters of Science in Management (MSM) program to students in
About Lyceum Campus of
Lyceum Campus of
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
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,
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 Lyceum Campus to achieve the goals as stated in the MOU, to enter into final agreements related to such goals, and to achieve the expected enrollment and estimated revenue over the next four 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.
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 press release include, without limitation, the Company's estimates on the increase in student enrollment from 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
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SOURCE EpicQuest Education Group International Limited
FAQ
What did EpicQuest Education (EEIQ) announce on January 5, 2026 about Davis University in Sri Lanka?
Is the Davis University degree granted to students in the Sri Lanka MSM program (EEIQ)?
What are the student enrollment targets under the Davis–Lyceum MOU (EEIQ) and the timeline?
How much revenue could the Davis MSM program in Sri Lanka generate for EEIQ over four years?
Does the December 12, 2025 Davis–Lyceum MOU legally bind EpicQuest or Davis to deliver the program?
When will the Davis MSM online program for Sri Lanka likely begin accepting students (EEIQ)?
