Visionary Education Technology Holdings Group Inc.

 Visionary Education Technology Holdings Group Inc.


Markham, Ontario, May 16, 2022 (GLOBE NEWSWIRE) – Visionary Education Technology Holdings Group Inc. (the “Company”), a private education provider based in Canada that offers high -quality educational resources to students around the world, today announced the pricing of its initial public offering (the “Offering ”) Of 4,250,000 common shares at the public offering price of US $ 4.00 per common share. Common shares were approved for listing on the Nasdaq Capital Market and are expected to start trading on May 17, 2022 under the ticker symbol “VEDU.”

The Company expects to receive aggregate gross proceeds of US $ 17 million from Halad, before deducting underwriting discounts and other expenses. In addition, the Company gives underwriters a 45 -day option to purchase up to an additional 637,500 shares of the public offering price, small underwriting discounts and commissions. Halad is expected to close on or about May 19, 2022, subject to satisfaction of normal closing conditions.

Proceeds from the Offering will be used for Public Private Partnership (“PPP”) projects, course development at Max the Mutt College of Animation, Art and Design (“MTM”) and program partnerships with other universities, vocational education, world market development. and distribution channels, staff development and overall corporate purpose, including working capital and operating costs.

The Offer is made on a strong commitment basis. Joseph Stone Capital, LLC acts as the underwriter’s representative and the lead underwriter for Sacrifice. McLaughlin & Stern, LLP acts as advisor to the Company, and Carmel, Milazzo & Feil LLP acts as representative advisor to the underwriters related to Sacrifice.

A registration statement on Form F-1 related to the Offer was filed with the U.S. Securities and Exchange Commission (“SEC”) (File Number: 333-263290) and declared effective by the SEC on May 16, 2022. The Offer is to be made solely through a prospectus, which forms part of the registration statement. Copies of the Offering -related prospectus may be obtained from Joseph Stone Capital, LLC, by email at [email protected], by calling +1 516.267.7001, or by standard mail to Joseph Stone Capital , LLC 29 Broadway #1800, New York, NY 10006. In addition, copies of the prospectus related to the Offering may be obtained through the SEC website at www.sec.gov.

Before you invest, you should read the prospectus and other documents filed or filed by the Company with the SEC for more information about the Company and the Offering. This press release does not contain an offer to sell, or solicit an offer to buy any securities of the Company, nor does it contain any offer, solicitation or sale of any securities of the Company in any state. or jurisdiction in which such offer. , solicitation or sale may be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

About Visionary Education Technology Holdings Group Inc.

Visionary Education Technology Holdings Group Inc., headquartered in Markham, Canada, is a private education provider located in Canada that offers high quality educational resources to students around the world. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to Canadian students through technological innovation so that more people can learn, grow and achieve to their full potential. As a fully integrated provider of Canadian education programs and services, the Company serves and will continue to serve Canadian and international students. For more information, visit the Company’s website at https://ir.visiongroupca.com.

Ahead-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s proposed offering. These forward-looking statements include known and unknown risks and there is no certainty and based on the Company current expectations and projectsions about future events that the Company believes can affect it financial situation, results of operations, business strategy and financial needs, including the expectation that the Sacrifice will be completed. Investors may identify these forward-looking statements by words or phrases such as “believe,” “expect,” “expect,” “estimate,” “desire,” “want,” “continue,” “should,” “may,” or similar expressions. The company conducteds there is no obligation to update or change publicly any pending statements to be displayed sequence of events or circumstances, or changes in its expectations, unless required by law. Even if the Company believes that the expectations expressed in these expected statements are reasonable, it cannot assure you that such expectations will be correct, and the Company warns investors that the actual consequences may vary. material from the expected outcomes and encourages. investors to review other factors that may affect its future results in the Company’s registration statement and its other filings with the SEC.

For more information, please contact:

Visionary Education Technology Holdings Group Inc.
Investor Relations Department
Email: [email protected]

Ascent Investors Relations LLC
Tina Xiao
president
Phone: +1 917-609-0333
Email: [email protected]



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