EdtechX Holdings Acquisition II in an 8-K said it will not be able to meet its Dec. 15 deal completion deadline and so will redeem shares and dissolve. Dec. 16 would mark the three-year anniversary of the SPAC’s $100 million IPO.
This follows the termination in June of the SPAC’s merger agreement with zSpace, a provider of commercial augmented reality and virtual reality technology in the global education market. Edtech X II said the decision to abandon the deal was “based upon certain breaches by zSpace of the terms of the merger agreement.” Read more.
