EpicQuest Education Group International Limited (EEIQ) said Miami University is terminating, for convenience, the recruitment and enrollment functions of its Memorandum of Agreement with the company’s wholly owned subsidiary, Quest Holding International, LLC, effective February 1, 2027.
EpicQuest Education Group International Ltd Chief Financial Officer Zhenyu Wu converted 6,250 restricted stock units one-for-one into 6,250 ordinary shares on September 30, 2026. The units came from a 25,000-unit grant made October 14, 2025, under the 2019 Plan, which vests in four equal quarterly installments during the fiscal year ended September 30, 2026; 6,250 units vested that day. Wu reported 99,181 ordinary shares held directly after the transaction.
EpicQuest Education Group International Ltd Chief Executive Officer Jianbo Zhang converted 7,813 restricted stock units into 7,813 ordinary shares on September 30, 2026. Afterward, Zhang directly held 191,107 ordinary shares. Wonderland Holdings International Limited held 322,481 shares indirectly; Zhang is its sole shareholder and director and is deemed the beneficial owner of its securities. No Rule 10b5-1 plan is reported.
EpicQuest Education Group International Ltd director and Chief Financial Officer Zhenyu Wu exercised restricted stock units into ordinary shares as part of an equity award. On June 30, 2026, 6,250 restricted stock units converted into 6,250 ordinary shares, increasing his directly held stake to 92,931 shares.
The vested units come from a 25,000-unit restricted stock grant received on October 14, 2025 under the company’s 2019 Plan. These restricted stock units vest in four equal quarterly installments during the fiscal year ended September 30, 2026, with 6,250 units vesting on June 30, 2026.
EpicQuest Education Group International Ltd director and CEO Jianbo Zhang reported routine equity compensation activity. On June 30, 2026, 7,812 restricted stock units converted into the same number of Ordinary Shares at $0.00 per share under a previously granted award, classified as an exercise or conversion of a derivative security.
The RSUs come from a 31,250-unit grant received on October 14, 2025 under the 2019 Plan, vesting in four equal quarterly installments during the fiscal year ended September 30, 2026, with this tranche vesting on June 30, 2026. After the transaction, Zhang holds 183,294 Ordinary Shares directly and is also deemed the beneficial owner of 322,481 Ordinary Shares held indirectly through Wonderland Holdings International Limited.
EpicQuest Education Group International reported higher revenue but a much larger loss for the six months ended March 31, 2026. Revenue rose to $6.27 million from $5.37 million, mainly from more professional training programs at Davis University, but gross margin slipped to about 58% due to lower dorm occupancy and higher recruiting fees.
Operating costs increased, driven by a $0.6 million rise in general and administrative expenses, including share-based compensation. The company posted a net loss of $3.16 million, versus $0.16 million a year earlier, hurt by a $0.6 million impairment tied to planned football matches and the absence of prior-period one-time gains.
Liquidity weakened: cash and restricted cash fell to $0.65 million from $5.09 million at September 30, 2025, and operating activities used $4.09 million of cash. The company discloses recurring losses and negative operating cash flow, raising “substantial doubt” about its ability to continue as a going concern. Management is pursuing cost cuts, new programs and equity financing, including a May 2026 private placement of 150,000 ordinary shares and warrants to purchase up to 600,000 shares for gross proceeds of $0.6 million.
EpicQuest Education Group International Limited is registering the resale of up to 750,000 ordinary shares. This prospectus covers resale by the Selling Shareholders of 150,000 issued shares and up to 600,000 shares issuable upon exercise of the 2026 Warrants from a May 6, 2026 private placement.
The Company will not receive proceeds from resale transactions but would receive proceeds if the 2026 Warrants are exercised for cash at a current exercise price of $4.80 per share; full cash exercise of all 600,000 warrants would yield gross proceeds of approximately $2,880,000. The filing states there were 1,646,623 shares outstanding as of June 1, 2026 and assumes 2,246,623 shares outstanding if all 2026 Warrants are exercised.
EpicQuest Education Group International Limited registers up to 750,000 ordinary shares for resale by certain selling shareholders, consisting of 150,000 issued shares and 600,000 shares issuable upon exercise of 2026 Warrants. The company will not receive proceeds from resale transactions; however, cash exercise of the 2026 Warrants at the current exercise price of $4.80 would yield gross proceeds of approximately $2,880,000 to EpicQuest.
The prospectus states there were 1,646,623 shares outstanding as of June 1, 2026, and the offering is being made to satisfy registration rights granted in a private placement consummated on May 6, 2026. The resale registration permits sales at various methods and prices described under the Company’s Plan of Distribution.
EpicQuest Education Group International Limited completed a private placement with institutional investors, selling 150,000 ordinary shares at $4.00 per share and issuing warrants to buy up to 600,000 additional shares at $4.80.
The deal generated gross proceeds of $600,000 before expenses, with warrant exercises potentially providing more cash if investors choose to exercise within one year. EpicQuest agreed to file a resale registration statement within 45 days and to seek effectiveness within 90 days, allowing investors to publicly resell both the purchased shares and any warrant shares. Net proceeds are earmarked for general corporate purposes.