EEIQ · Elite Education Group International Limited

The company executed a Securities Purchase Agreement to raise up to $0.715 million through the private placement of Ordinary Shares and accompanying Warrants, providing immediate capital infusion. Shares are priced at $4.00 with Warrants allowing purchase of four times the number of Shares at $4.80, exercisable immediately for one year, creating potential dilution upon exercise. The transaction relies on the Section 4(a)(2) exemption, avoiding public registration and enabling rapid closing upon satisfaction of standard conditions like representations accuracy and no Material Adverse Effect. Purchasers fund via wire transfer, with delivery through the Transfer Agent. This financing supports liquidity needs while Warrants introduce leverage for investors if share price rises above exercise price.