02:44 PM EDT, 08/25/2025 (MT Newswires) -- EpicQuest Education Group International ( EEIQ ) shares fell about 42% in recent Monday trading after the firm said it has struck a deal to sell nearly 5.1 million shares to institutional investors at $0.73 apiece.

Investors can also buy pre-funded warrants in lieu, it said.

The company said it plans to use the net proceeds for working capital and general corporate purposes. The offering is expected to close on Aug. 26, with FT Global Capital as the placement agent.

Price: 0.71, Change: -0.53, Percent Change: -42.74