EdtechX Holdings Acquisition, a blank check company formed by IBIS Capital to acquire an education technology business, filed for a $55 million IPO on Monday.
The London, United Kingdom-based company plans to raise $55 million by offering 5.5 million units at a price of $10. Each unit consists of one share of common stock and one warrant redeemable at $11.50. At $10, EdtechX would command a market value of $69 million.
The London, United Kingdom-based company was founded in 2018 and plans to list on the Nasdaq under the symbol EDTXU. EdtechX Holdings Acquisition filed confidentially on July 23, 2018. Chardan Capital Markets and I-Bankers Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
