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EpicQuest Education Group's 6-K: Compliance Regained in Nasdaq Listing

$EEIQ
Form 6-K
Filed on: 2025-01-10
Source
EpicQuest Education Group's 6-K: Compliance Regained in Nasdaq Listing

Here's the key information extracted from the financial report of EpicQuest Education Group International Limited:

  1. Filing Type: This document is a Form 6-K, which is a report of a foreign private issuer filed with the SEC.
  2. Company Information:
  • Name: EpicQuest Education Group International Limited
  • Address: 1209 N. University Blvd., Middletown, OH 45042
  1. Compliance Notification:
  • On June 24, 2024, the company was notified by Nasdaq that it failed to maintain a minimum bid price of $1.00 for its common shares over 30 consecutive business days.
  • A subsequent notification on January 8, 2025, confirmed that from December 9, 2024, to January 7, 2025, the company's common share bid price was at or above $1.00 for 20 consecutive business days, allowing it to regain compliance with Nasdaq's Listing Rule 5550(a)(2).
  1. Registration Statements:
  • The report is incorporated by reference into the company's Registration Statements on Form S-8 and Form F-3.
  1. Signatory:
  • The report is signed by Zhenyu Wu, who is the Chief Financial Officer of EpicQuest Education Group International Limited, dated January 10, 2025.
  1. Commission File Number: 001-40280

Insights:

  • The company has successfully regained compliance with Nasdaq requirements, which is crucial for maintaining its listing and ensuring investor confidence.
  • This compliance issue could have affected stock performance and investor perception, but the timely resolution suggests effective management.
  • The filing includes standard corporate governance details, indicating adherence to SEC regulations, which is important for transparency and investor relations.

This report provides a snapshot of the company's regulatory compliance status and its operational standing in the market as of early 2025.