The new company aims to combine with an education, training or edtech business possibly impacted by market dislocations and could benefit from new capital. Adit EdTech is led by Non-Executive Chairman Eric. L. Munson alongside President and CEO David L. Shrier, CFO and Treasurer John J. D’Agostino, and Chief Technology Officer and Secretary Elizabeth B. Porter.
Total SPAC deal count for 2021 year-to-date is now 31 with $7.59 billion in gross proceeds raised. This offering is expected to close on Thursday, January 14.
EarlyBirdCapital, Inc. is acting as the sole book-running manager with Maxim Group LLC and U.S. Capital Advisors serving as co-managers for the offering. Troutman Pepper Hamilton Sanders LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.