EdtechX Holdings Acquisition, a blank check company formed by IBIS Capital to acquire an education technology business, raised $55 million by offering 5.5 million units at $10. Units consist of one share of common stock and one warrant redeemable at $11.50.
Executive Chairman and CIO Charles McIntyre has served as CEO of IBIS Capital since founding the firm in 2003. CEO and Director Benjamin Vedrenne-Cloquet has served as Operating Partner at IBIS Capital since January 2013. The two executives co-founded EdTech Global in 2013.
EdtechX plans to list on the Nasdaq under the symbol EDTXU. Chardan Capital Markets and I-Bankers Securities acted as lead managers on the deal.
