zSpace, Inc., a Leading Augmented and Virtual Reality Educational Technology Platform for K-12 and Workforce Development, to Become Publicly Traded Through a Combination with EdtechX Holdings Acquisition Corp. II
- zSpace Facilitates Immersive, Innovative Learning Experiences for Over One Million Students Annually - Currently Serves the Top Ten Largest U.S. School Districts; Positioned for Further International Expansion - Business Combination Implies a Pro Forma Enterprise Value of $195 Million, with up to $117 Million in Cash from the EdtechX II Trust Account to Fund Growth - $25 Million in Anchor Private Placement Financing, Led by Key Existing Securityholders of zSpace (bSpace Investments Limited and Kuwait Investment Authority) - zSpace Management, Employees, and Current Stockholders Will Roll 100% of Their Existing Equity Holdings into Equity of the Combined Company LONDON and SAN JOSE
