EpicQuest Education Group International Ltd (EEIQ) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: October 31, 2025

Risk Assessment Details

Potential Dilution: 108.58% of current shares
Recent Dilution: 43.28% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
18M
Potential Supply
20M
Additional shares possible
Splits
None
Past 2 years

Summary

EEIQ currently has 18.1M outstanding shares. with significant dilution risk as 19.7M authorized shares could dilute existing holders by 108.6%. The company has significantly diluted shareholders by 43.28% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Oct 31, 2025

F-3 filing: EpicQuest Education Group International Limited is filing an F-3 form to offer and sell up to $75,000,000 of common shares, preferred shares, and debt securities in one or more offerings.

18M 20M
Jun 27, 2025

F-3 filing: This F-3 filing relates to an offering of up to 18,000,000 common shares by selling shareholders, consisting of 4,500,000 common shares and 13,500,000 common shares issuable upon the exercise of warrants.

18M 20M
Jan 31, 2025

20-F filing | 12.6M shares outstanding

13M 1.7M
Mar 12, 2024

F-3 filing: This F-3 filing indicates an offering of up to 800,000 shares by selling shareholders, consisting of 400,000 shares and 400,000 shares issuable upon the exercise of warrants.

12M 1.7M
Jan 31, 2024

20-F filing | 11.7M shares outstanding

12M 860K
Jan 19, 2023

20-F filing | 11.0M shares outstanding

11M 860K
May 09, 2022

F-3 filing: Elite Education Group International Limited files an F-3 form to register the offering and sale of shares, debt securities, warrants and/or units with an aggregate initial offering price not to exceed US$75,000,000.

11M 860K
Dec 30, 2021

20-F filing | 10.9M shares outstanding

11M 860K
Dec 15, 2020

F-1 filing: Elite Education Group International Limited is offering 750,000 Units, each Unit consists of (a) one ordinary share, (b) one Series A warrant (the "Series A Warrants") to purchase one ordinary share at an exercise price equal to $5.00 per share, exercisable until the fifth anniversary of the issuance date, and (c) one Series B warrant to purchase one ordinary share at an exercise price equal to $10.00 per share.

7.9M 860K
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