- CEO
- None
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- DE United States of America
- IPO Date
- Feb 12, 2021
- Business
- EdtechX Holdings Acquisition Corp. II (EDTXW) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant independent operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the education, training, reskilling, human capital management, and education technology (edtech) sectors; it seeks innovative firms with enterprise values typically between $400 million and $2 billion. Incorporated in 2020 and headquartered at 22 Soho Square in London, United Kingdom, the company conducts its search for targets on a global basis without restriction to specific geographies.
In May 2022, EdtechX Holdings Acquisition Corp. II announced a definitive merger agreement with zSpace, Inc., a U.S.-based provider of augmented reality (AR) and virtual reality (VR) hardware, software, and learning solutions for K-12 STEM education, implying a pro forma enterprise value of $195 million for the combined entity, which was to trade as zSpace Technologies, Inc. under the ticker ZSPX; the deal included up to $117 million from the SPAC's trust and a $25 million PIPE commitment from existing zSpace investors such as bSpace Investments Limited and Kuwait Investment Authority.
The company terminated the zSpace merger agreement in June 2023 due to certain breaches of terms by the target, after which it extended its deadline to consummate a business combination to December 15, 2023; unable to complete a transaction by that date—marking three years post its $100 million IPO in December 2020—the SPAC announced in August 2023 the liquidation of its trust account, redemption of public Class A ordinary shares at approximately $10.15 per share (net of expenses), and initiation of dissolution proceedings, with public shares deemed cancelled as of August 31, 2023.
As of late 2025, EdtechX Holdings Acquisition Corp. II warrants (EDTXW) continue to trade on Nasdaq in a limited capacity amid potential delisting risks, reflecting the company's wind-down status following high redemptions that left minimal trust proceeds of roughly $800,000; no new mergers, acquisitions, funding rounds, or operational shifts have been pursued post-termination.