Littera Education Inc raises $11.8m: offering $11.8m: Form D

Littera Education Inc raises $11.8m: offering $11.8m: Form D

Littera Education Inc, a leading provider of higher education solutions, has successfully raised $11.8 million through a Form D offering. The funds were secured through the sale of 16,000,000 ordinary shares at a price of $0.73 per share. This offering was facilitated by FT Global Capital, Inc., acting as the exclusive placement agent [1].

The gross proceeds from the offering, before deducting placement agent fees and other expenses, amount to approximately $11.8 million. The net proceeds will be utilized for working capital and general corporate purposes, according to the company's statement. The offering was conducted pursuant to an effective shelf registration statement on Form F-3, previously filed with the U.S. Securities and Exchange Commission (SEC) [1].

Littera Education Inc operates various educational institutions, including EduGlobal University in British Columbia, Canada, and Davis University in Toledo, Ohio. The company also maintains recruiting relationships with Miami University Regional campuses and several UK-based universities. Recently, Littera Education established a wholly-owned subsidiary, Gilmore Inv LLC, in Ohio, to offer international educational programs related to kinesiology and recreation education [1].

The company's forward-looking statements include plans to use the proceeds from this offering for general corporate purposes and working capital. Investors should be aware of the risks and uncertainties associated with these forward-looking statements, as outlined in the company's most recent SEC filings [1].

For more information, please visit Littera Education Inc's official website at www.litteraeducation.com.

References:
[1] https://www.nasdaq.com/press-release/epicquest-education-announces-closing-37-million-offering-2025-08-26