EdTechX Holdings Acquisition Corp. II announced the pricing of its $100 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “EDTXU” tomorrow, Friday, December 11.
The new company aims to combine with an education business that would make a sustainable platform for additional acquisitions. EdTechX is led by Chairman and CIO Charles McIntyre, CEO and Director Benjamin Vedrenne-Cloquet and CFO Rory Henson.
Total SPAC deal count for 2020 year-to-date is now 222 with $75.4 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 15.
Jefferies LLC is acting as the sole book-running manager of the offering and Macquarie Capital is acting as the lead manager of the offering. Graubard Miller is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.