The new company aims to combine with a business in the learning or talent management industries, including education, edtech and workforce development. Edify is led by CEO Peter Ma, CFO Morris Beyda and Chairman Susan.
Total SPAC deal count for 2021 year-to-date is now 47 with $12.6 billion in gross proceeds raised. This offering is expected to close on Wednesday, January 20.
BMO Capital Markets and B. Riley Securities are serving as joint book-running managers for this offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmtih+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.