EdtechX Holdings Acquisition II, the second blank check company formed by IBIS Capital to acquire an education technology business, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by Chairman and CIO Charles McIntyre, co-founder and CEO of investment and advisory firm IBIS Capital, and CEO and Director Benjamin Vedrenne-Cloquet, an Operating Partner at IBIS Capital. The company plans to target businesses in the education, training, re-skilling, human capital, and education technology industries with enterprise values between $400 million and $2 billion.
IBIS Capital's previous SPAC, EdtechX Holdings Acquisition, went public in October 2018 and completed its merger with Meten Education in March 2020 to form Meten EdtechX Education Group (METX; -77% from $10 offer price).
EdtechX Holdings Acquisition II plans to list on the Nasdaq under the symbol EDTXU. Jefferies acted as a lead manager on the deal.
