Middletown, Ohio, March 30, 2021 / PRNewswire /-Elite Education Group International Limited (Nasdaq: EEIQ) (“EEG”), a provider of comprehensive one-stop educational solutions for Chinese students interested in study abroad programs in the United States and other countries, has previously Announced in $ 6 million Initial public offering of 750,000 units at public offering price $ 8.00 For each unit, each unit consists of one common stock, one series A warrant, and one series B warrant. Series A warrants allow holders to purchase one share of common stock at the exercise price. $ 5.00 It will expire in 5 years. Series B warrants allow holders to purchase one share of common stock at the exercise price. $ 10.00 It includes an exchange feature that allows holders to exchange warrants for common stock on a one-to-one basis whenever the warrant expires after five years or begins early 15 days from the issue date of the warrant. $ 10 million If the volume-weighted average price of common stock on the trading day after the issue date does not exceed the exercise price of the Series B warrant, the volume of common stock will be traded in common stock.
The Underwriter has exercised an option to ensure that (i) Series A purchases 112,500 common stock and (ii) Series B purchases 112,500 common stock.
The common stock and accompanying warrants contained in the unit were purchased together at this offering, but were issued separately and were immediately separable upon issuance. Our common stock has begun trading on the Nasdaq Capital Markets under the “EEIQ” ticker symbol. March 25, 2021.. We do not intend to apply for listing warrants on the Nasdaq Capital Markets or other stock exchanges or nationally recognized trading systems and expect the Series A or Series B Warrants market to develop. Is not … ..
ViewTrade Securities, a global provider of brokerage firms, investment banks, corporate / advisory and trading platform services, acted as the manager of the sole book for this offering.
Form F-1 registration statements relating to these securities have been declared valid by the Securities and Exchange Commission (“SEC”). March 24, 2021.. A copy of the registration form can be accessed by visiting the SEC website. www.sec.gov.. Recruitment was made only by prospectus. A copy of the final prospectus related to the offering can be obtained from the SEC website or from ViewTrade Securities, 7280 W. Palmetto Park Rd, # 310. Boca Raton, Florida 33433, Note: Prospectus department, or by email IB@Viewtrade.com..
This press release does not constitute an offer to sell or purchase the securities described in this document, and these offers, solicitations, or sales in states or jurisdictions where it was previously illegal. No securities will be sold. Registration or qualification under the securities law of such states or jurisdictions.
Abut Elite Education Group International Limited
Through its subsidiary Quest Holding International LLC, Elite Education Group International Limited provides a comprehensive one-stop educational solution for Chinese students interested in study abroad programs in the United States and other countries. We create specific educational goals for each student enrolled in the program and provide a safe and structured environment for students to pursue their academic goals.Our main study abroad partnership is Miami University, Ohio With an office on campus, we offer a wide range of study abroad and post-study services to our students. For more information, please visit: www.eei-global.net..
Description of future prospects
The specific statements in this press release constitute “forward-looking statements” in the sense of federal securities law. “May”, “May”, “Do”, “Should”, “Believe”, “Expect”, “Expect”, “Estimate”, “Predict”, “Plan” , “Plan,” “intention,” or similar expression, or a statement about intent, belief, or current expectations. This includes our expectations regarding the offering of our common stock, including those relating to the completion of the offering and the scale of the offering described above. The statement you are looking for. We believe these forward-looking statements are reasonable, but we should not place excessive reliance on such forward-looking statements based on the information available on the date of this release. These forward-looking statements are based on current estimates and assumptions and include, but are not limited to, various risks and uncertainties as set forth in our filings with the Securities and Exchange Commission. Is affected by. The business contained therein. Therefore, actual results can vary significantly. We expressly disclaim your obligation to update or change your statement as a result of new information, future events, or otherwise, except as required by law.
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Elite Education Group International Limited Announces Initial Public Offering | Ohio
Source link Elite Education Group International Limited Announces Initial Public Offering | Ohio