Elite Education Group International Limited Announces Pricing of $6 Million Firm Commitment Initial Public Offering
MIDDLETOWN, Ohio, March 25, 2021 /PRNewswire/ -- Elite Education Group International Limited (Nasdaq: EEIQ) ("EEG"), a provider of comprehensive, one-stop education solutions for Chinese university students interested in study abroad programs in the US and other countries, today announced the pricing of its firm commitment initial public offering of 750,000units at an offering price of $8.00 per unit for total gross proceeds of $6.0 million.
- MIDDLETOWN, Ohio, March 25, 2021 /PRNewswire/ -- Elite Education Group International Limited (Nasdaq: EEIQ) ("EEG"), a provider of comprehensive, one-stop education solutions for Chinese university students interested in study abroad programs in the US and other countries, today announced the pricing of its firm commitment initial public offering of 750,000units at an offering price of $8.00 per unit for total gross proceeds of $6.0 million.
- Each unit will immediately separate into one common share, one Series A warrant, and one Series B warrant.
- The net proceeds to EEG from the sale of the securities are expected to be approximately $4.3 million, after deducting underwriting discounts and commissions and estimated offering expenses.
- Elite Education Group International Limited, through its subsidiary Quest Holding International LLC, provides comprehensive, one-stop education solutions for Chinese students who are interested in study abroad programs in the US and other countries.