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EpicQuest Education (NASDAQ: EEIQ) consolidates shares in 1-for-16 reverse split

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6-K

Rhea-AI Filing Summary

EpicQuest Education Group International Limited implemented a 1-for-16 reverse stock split of its ordinary shares, effective when Nasdaq trading opened on February 17, 2026. Every 16 pre-split shares were combined into one post-split share, reducing outstanding ordinary shares from approximately 23,671,667 to approximately 1,479,479.

The company also amended its charter to cut authorized ordinary shares from 970,000,000 to 60,625,000 and authorized preferred shares from 10,000,000 to 625,000, while raising par value per share from US$0.0016 to US$0.0256. No fractional shares will be issued; holders receive cash based on the first post-split closing price. Loss per share figures were adjusted to reflect the new share count, with net loss unchanged but spread over fewer shares.

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Insights

EpicQuest consolidates shares 1-for-16 and reduces authorized capital.

EpicQuest Education approved and executed a 1-for-16 reverse stock split, shrinking outstanding ordinary shares from about 23.7 million to about 1.48 million. The move also proportionally reduces authorized ordinary and preferred share counts and increases par value per share.

A reverse split changes the share price/share count mechanics without altering total equity value. The filing states that each shareholder’s percentage ownership remains the same, aside from minor effects from cash paid in lieu of fractional shares based on the first post-split closing price.

The company presents historical per-share data on a post-split basis, showing net losses of -2,429,121 and -5,990,123 over the years ended September 30, 2025 and September 30, 2024. Future filings may provide more context on how the new capital structure interacts with its listed registration statements.

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February 2026

 

Commission File Number: 001-40280

 

EpicQuest Education Group International Limited

(Translation of registrant’s name into English)

 

200 N. St. Clair Street, Suite 100, Toledo, OH 43604

(Address of Principal Executive Office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒          Form 40-F ☐

 

 

 

 

 

 

Reverse Stock Split

 

On February 11, 2026, the Board of Directors (the “Board”) of EpicQuest Education Group International Limited (the “Company”) approved a reverse stock split (the “Reverse Stock Split”) of the Company’s ordinary shares (the “Ordinary Shares”) at a ratio of 1-for-16. Stockholder approval of the Reverse Stock Split was not required pursuant to the laws of the British Virgin Islands.

 

The Reverse Stock Split is effective on Tuesday, February 17, 2026 (the “Effective Date”) and our Ordinary Shares began trading on a split-adjusted basis when the Nasdaq Stock Market LLC opened 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 were automatically combined into one Ordinary Share. The number of outstanding Ordinary Shares was 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 Stock Split results in some stockholders owning a fractional share as described above.

 

In connection with the Reverse Stock Split, and following Board approval on February 11, 2026, the Company filed an Amended and Restated Memorandum and Articles of Association with the Registry of Corporate Affairs in the British Virgin Islands on February 16, 2026, to reduce the authorized number of Ordinary Shares from 970,000,000 shares to 60,625,000 shares and to reduce the authorized number of Preferred Shares from 10,000,000 shares to 625,000 shares, a reduction at the same ratio as the Reverse Stock Split, and to increase the par value per Ordinary Share and Preferred Share from US$0.0016 to US$0.0256 per share.

 

This Report on Form 6-K shall be deemed to be incorporated by reference into the registration statements of the Company on Forms S-8 (Registration Numbers 333-258658 and 333-273948) and Forms F-3 (Registration Numbers: 333-277859; 333-291201 and 333-288399), to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

The table below sets forth the impact of the Reverse Stock Split on the Company’s net loss per common share - basic and diluted; weighted average common shares outstanding - basic and diluted; and shares issued and outstanding, for the years ended September 30, 2025, and September 30, 2024:

 

   PRE-SPLIT   POST-SPLIT 
   12 Months Ended   12 Months Ended 
   30-Sep-25   30-Sep-24   30-Sep-25   30-Sep-24 
                 
Net Loss attributable to common shareholders   -2,429,121    -5,990,123    -2,429,121    -5,990,123 
                     
Weighted average number of ordinary shares                    
Basic   15,486,467    12,637,968    967,905    789,873 
Diluted   15,486,467    12,637,968    967,905    789,873 
                     
Loss Per Share                    
Basic   -0.16    -0.47    -2.51    -7.58 
Diluted   -0.16    -0.47    -2.51    -7.58 

 

Exhibits Index

 

Exhibit   Description
3.1   Amended and Restated Memorandum and Articles of Association as amended and restated on February 11, 2026, and filed with the Registry of Corporate Affairs in the British Virgin Islands on February 16, 2026.
99.1   Press Release, dated February 12, 2026.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

  EpicQuest Education Group International Limited
     
  By: /s/ Zhenyu Wu
   

Zhenyu Wu

Chief Financial Officer

   

 

Date: February 17, 2026

 

 

2

 

Exhibit 99.1

 

EpicQuest Education Announces 1-for-16 Reverse Stock Split

 

TOLEDO, Ohio, February 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$0.0016 to US$0.0256 per share.

 

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 70% owner of Davis University, a career training university located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the Miami University Regional campuses, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University. The Company is also a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University, both of which are located in the UK. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC (“Gilmore”), in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. For more information, please visit www.epicquesteducation.com/.

 

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

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 reverse stock split did EpicQuest Education (EEIQ) implement?

EpicQuest Education implemented a 1-for-16 reverse stock split of its ordinary shares. Every 16 pre-split shares were automatically combined into one post-split share when trading on Nasdaq opened on February 17, 2026, consolidating the share count significantly.

How did EpicQuest Education’s reverse split change outstanding shares?

The reverse split reduced EpicQuest Education’s outstanding ordinary shares from approximately 23,671,667 to approximately 1,479,479. While the number of shares declined, the company states each shareholder’s percentage ownership remains unchanged, aside from small differences where cash is paid instead of issuing fractional shares.

Did EpicQuest Education (EEIQ) change its authorized share capital?

Yes. Authorized ordinary shares were reduced from 970,000,000 to 60,625,000, and authorized preferred shares from 10,000,000 to 625,000. At the same time, par value per ordinary and preferred share increased from US$0.0016 to US$0.0256, matching the 1-for-16 consolidation ratio.

How does the reverse stock split affect EpicQuest Education’s EPS figures?

EpicQuest adjusted historical per-share data to reflect the reverse split. For the year ended September 30, 2025, the weighted average shares basic fell from 15,486,467 to 967,905, and basic loss per share changed from -0.16 to -2.51, with total net loss remaining unchanged.

What happens to fractional shares from EpicQuest Education’s reverse split?

EpicQuest will not issue fractional shares after the reverse split. Instead, shareholders entitled to a fractional share will receive cash equal to the fair value, determined by the closing price of the ordinary shares on the first post-split Nasdaq trading day.

Did EpicQuest Education change its ticker or CUSIP after the reverse split?

EpicQuest Education kept its Nasdaq ticker symbol EEIQ following the reverse split. However, the company’s ordinary shares now trade under a new CUSIP number, G3104J142, reflecting the updated capital structure and share consolidation.

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2 documents
EpicQuest Edu

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Education & Training Services
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