The Latest Liquidations: August 16, 2023

Latest SPAC Liquidations: EdtechX Holdings Acquisition Corp. II

EdtechX Holdings Acquisition Corp. II (EDTX) to Liquidate 

As previously disclosed, on June 21, EdtechX Holdings Acquisition Corp. II (NASDAQ:EDTX) notified zSpace that it was terminating its business combination. The company is considering all available remedies in connection with the failure to complete the business combination in accordance with the merger.

But, in light of the termination, the EDTX has determined that it will not be possible to complete a deal and will begin the process of liquidating and dissolving.

It will now as promptly as reasonably possible, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust, including interest earned on the trust account and not previously released to the company, divided by the number of then outstanding public shares.