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New Deal


Announced

zSpace to go public via merger with EdtechX Holdings Acquisition II in a $195m.

Financials

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Transaction Value£158m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Merger

Domestic

software development

De-SPAC

augmented reality

Single Bidder

Reverse Takeover

Software

Private

Friendly

Acquisition

Majority

Pending

Synopsis

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zSpace, a technology firm based in San Jose, California that combines elements of virtual and augmented reality in a computer, agreed to go public via merger with EdtechX Holdings Acquisition II, an edtech and future of work-focused SPAC, in a $195m. "zSpace is committed to innovating and delivering immersive learning experiences to address the rapidly evolving needs of today’s students. Merging with EdtechX II represents an important next step in our growth trajectory as we seek to deepen our presence in the US, enhance our product portfolio, and expand the geographic footprint of our transformative technology. Our work closely aligns with EdtechX II’s commitment to supporting increased digitization and access within the modern educational landscape, and we welcome their partnership as we pursue a successful public listing," Paul Kellenberger, zSpace CEO.

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