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Edtech & Future of Work SPAC, EdtechX Holdings II, Announces Business Combination With zSpace, a Leading Augmented and Virtual Reality Educational Technology Platform for K-12 and Workforce Development.
May 17, 2022
EdtechX Holdings, pioneers investment in “eduverse” by backing the Nasdaq listing of zSpace Technologies, a leading US AR/VR platform for education and workforce.
EdtechX II and zSpace management will host a conference call and webcast to discuss the proposed transaction today, May 17, at 9:00 a.m. Eastern time. Join here >
SPAC “EdtechX II” - IPO’ed December 2020 – Active
EdtechX Holdings Acquisition Corp II (NASDAQ: EDTX, EDTXU) focuses its search on target businesses in the education, training, reskilling, human capital and education technology industries.
Target EV range: $400m-$2Bn
EdTech Stocks Are “Best In Growth” And Have Overtaken Technology Stocks
EdtechX Digital Conference May 2020
The Opportunity
Education & Training = ~$6Tn industry
1. Secular growth(6%CAGR(1))+Digital transformation growth(15%CAGR(1))
2. Highly fragmented industry under-represented in public equity markets
3. Structural + cyclical beneficiary of CovId-19
Proven Sector Specialist Investment Platform
1. Deep industry knowledge with global reach
2. Expert investment sourcing & execution capabilities
3. Proven track record (M&A, IPO, Advisory, DigitalTransition)
Advantages Of US Listed “SPAC”
1. Lower cost of capital as compared to PE + No management fees
2. Aim to acquire private companies > 20% discount to public peers (arbitrage)
3. Alternative to Private Equity with enhanced liquidity
4. Greater deal / certainty and faster route to listing vs traditional IPO
“The biggest sustained, mass experiment in online education since the internet was founded in the 1980s”
Tim Culpan on the impact of COVID-19 on online education - Bloomberg | February 2020