EDTECHX HOLDINGS ACQUISITION CORP. II ANNOUNCES CLOSING OF FULL OVER-ALLOTMENT OPTION

Rhea-AI Summary

EdtechX Holdings Acquisition Corp. II (Nasdaq: EDTXU) has successfully completed the sale of 1,500,000 additional units, part of its IPO, generating $15,000,000 in gross proceeds. Each unit, priced at $10.00, includes one share of Class A common stock and half a warrant, which allows the purchase of one share at $11.50. The units are traded on The Nasdaq Capital Market, and the Class A Common Stock and Warrants will soon be available under separate symbols. Jefferies LLC was the lead manager of this offering.

Positive

• Generated $15,000,000 in gross proceeds from the sale of additional units.
• Successful listing on The Nasdaq Capital Market under symbol EDTXU.

Negative

• None.

London, UK, Dec. 18, 2020 (GLOBE NEWSWIRE) -- EdtechX Holdings Acquisition Corp. II (Nasdaq: EDTXU) (the “Company”) announced today that it has consummated the sale of the full 1,500,000 units subject to the over-allotment option granted to the underwriters in connection with its initial public offering.  The additional units were sold at $10.00 per unit, generating additional gross proceeds to the Company of $15,000,000.

The Company’s units are listed on The Nasdaq Capital Market and commenced trading under the symbol “EDTXU” on December 11, 2020. Each unit consists of one share of the Company’s Class A common stock, $0.0001 par value per share (“Class A Common Stock”), and one-half of one redeemable warrant (“Warrant”) with each whole Warrant entitling the holder to purchase one share of Class A Common Stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A Common Stock and Warrants are expected to be traded on The Nasdaq Capital Market under the symbols “EDTX”, and “EDTXW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

Jefferies LLC acted as the sole book-running manager of the offering and Macquarie Capital acted as the lead manager of the offering.

A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission on December 10, 2020. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at 877-821-7388 or by email at Prospectus_Department@Jefferies.com. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About EdtechX Holdings Acquisition Corp. II

EdtechX Holdings Acquisition Corp. II is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to any particular industry or geographic region, although the Company initially intends to focus on target businesses in the education, training, reskilling, human capital and education technology industries.  EdtechX Holdings Acquisition Corp. II is led by its founders, Charles McIntyre, Executive Chairman and Chief Investment Officer, and Benjamin Vedrenne-Cloquet, Chief Executive Officer.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the anticipated use of the proceeds of the initial public offering and the search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements, including those set forth in the risk factors section of the prospectus used in connection with the Company’s initial public offering. No assurance can be given that the net proceeds of the offering will be used as indicated. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Contact:


Investor and Media Relations:
Global
Citigate Dewe Rogerson
Christen Thomson
christen.thomson@citigatedewerogerson.com

North America
SPAC Alpha IR+
Chris Tyson / Doug Hobbs
EDTX@mzgroup.us
949-491-8235

FAQ

What amount did EdtechX Holdings Acquisition Corp. II raise in its IPO?

EdtechX Holdings Acquisition Corp. II raised $15,000,000 by selling 1,500,000 additional units.

What does each unit of EdtechX Holdings Acquisition Corp. II consist of?

Each unit consists of one share of Class A common stock and half a redeemable warrant.

What is the trading symbol for EdtechX Holdings Acquisition Corp. II?

The trading symbol for EdtechX Holdings Acquisition Corp. II is EDTXU.

Who managed the offering for EdtechX Holdings Acquisition Corp. II?

Jefferies LLC acted as the sole book-running manager of the offering.

When did EdtechX Holdings Acquisition Corp. II begin trading on Nasdaq?

EdtechX Holdings Acquisition Corp. II began trading on Nasdaq on December 11, 2020.