EpicQuest Education Group International Ltd. has announced a 1-for-16 reverse stock split of its ordinary shares. As part of the move, the company will also reduce its authorized ordinary shares from 970 million to 60.625 million and preferred shares from 10 million to 625,000, while increasing the par value per share to $0.0256. The reverse split is intended to streamline the company’s capital structure and does not affect shareholders’ proportional ownership.

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