Business Context and Reporting Period
This Form 6-K filing by EpicQuest Education Group International Ltd (EEIQ) covers the month of February 2026. The primary purpose of the report is to disclose the implementation of a 1-for-16 reverse stock split approved by the Board of Directors on February 11, 2026, and effective February 17, 2026.
Key Financial Metrics
The filing does not provide current revenue, profit, cash flow, or liquidity metrics for the period ending February 2026. It only presents historical per-share data adjusted for the reverse split for the years ended September 30, 2025, and September 30, 2024.
| Metric | 12 Months Ended Sep 30, 2025 (Post-Split) | 12 Months Ended Sep 30, 2024 (Post-Split) |
|---|---|---|
| Net Loss Attributable to Common Shareholders | $(2,429,121) | $(5,990,123) |
| Weighted Average Shares Outstanding (Basic) | 967,905 | 789,873 |
| Loss Per Share (Basic) | $(2.51) | $(7.58) |
Outstanding ordinary shares were reduced from approximately 23,671,667 to 1,479,479. The par value per share increased from US$0.0016 to US$0.0256.
Material Changes
- Capital Structure: A 1-for-16 reverse stock split was executed, reducing the number of outstanding shares and increasing the par value.
- Authorized Shares: Authorized ordinary shares were reduced from 970,000,000 to 60,625,000; authorized preferred shares were reduced from 10,000,000 to 625,000.
- Trading Details: The company continues to trade on the Nasdaq Capital Market under the symbol "EEIQ" but with a new CUSIP number (G3104J142).
- Historical Performance: The filing notes a reduction in net loss from the 2024 period to the 2025 period (from approx. $6.0M to $2.4M), though this is historical data restated for the split.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard disclosure regarding the reverse stock split. The document notes that fractional shares were not issued; instead, cash in lieu of fractional shares was paid based on the closing price on the first trading day post-split.
Investor Verification Checklist
- Verify the new CUSIP number (G3104J142) for accurate trading and record-keeping.
- Confirm the cash payment received for any fractional shares held prior to the split.
- Review the Amended and Restated Memorandum and Articles of Association (Exhibit 3.1) for updated authorized share counts.
- Monitor the stock price post-split to ensure it reflects the 16x adjustment relative to pre-split levels.