{"id":781186,"date":"2023-08-30T18:08:11","date_gmt":"2023-08-30T22:08:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/edtechx-holdings-acquisition-corp-ii-announces-process-and-timing-of-liquidating-trust-account\/"},"modified":"2023-08-30T18:08:11","modified_gmt":"2023-08-30T22:08:11","slug":"edtechx-holdings-acquisition-corp-ii-announces-process-and-timing-of-liquidating-trust-account","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/edtechx-holdings-acquisition-corp-ii-announces-process-and-timing-of-liquidating-trust-account\/","title":{"rendered":"EdtechX Holdings Acquisition Corp. II Announces Process and Timing of Liquidating Trust Account"},"content":{"rendered":"<div class=\"mw_release\">\n<p>London, England, Aug.  30, 2023  (GLOBE NEWSWIRE) &#8212; As previously disclosed, EdtechX Holdings Acquisition Corp. II (\u201cEdtechX\u201d or the \u201cCompany\u201d) has commenced the process of liquidating the Company\u2019s trust account established in connection with its initial public offering and redeeming the Company\u2019s Class A ordinary shares issued in such offering (\u201cPublic Shares\u201d), in accordance with the Company\u2019s amended and restated certificate of incorporation (\u201cCharter\u201d). In accordance with the Charter, all outstanding Public Shares will be redeemed at a per share redemption price of approximately $10.34 per Public Share.<\/p>\n<p align=\"justify\">The Company commenced the liquidation of its trust account on August 15, 2023 and expects that the redemption of the Public Shares will occur on or about August 31, 2023. As of the close of business on such date, the Public Shares will be deemed cancelled and will represent only the right to receive redemption payments. The Company\u2019s officers, directors and other stockholders who hold shares of the Company\u2019s common stock (the \u201cFounder Shares\u201d) issued prior to the Company\u2019s initial public offering, and the purchasers of warrants of the Company (\u201cPrivate Warrants\u201d) sold in the private placement that occurred simultaneously with the Company\u2019s initial public offering, will not receive any proceeds from the Company\u2019s trust account with respect to the Founder Shares or Private Warrants. The Company\u2019s public warrants will expire worthless.<\/p>\n<p align=\"justify\">Record holders of Public Shares may redeem their shares by delivering their Public Shares to Continental Stock Transfer &amp; Trust Company, the Company\u2019s transfer agent. Beneficial owners of Public Shares held in \u201cstreet name\u201d will not need to take any action in order to receive the redemption payments.<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Information About Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release includes \u201cforward-looking statements\u201d as such term is defined in the Private Securities Litigation Reform Act of 1995. When used in this press release, words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201cintend,\u201d and similar expressions, as they relate to the Company, identify forward-looking statements, although not all forward-looking statements include such identifying words. Such forward-looking statements are based on the beliefs of the Company\u2019s management, as well as assumptions made by and information currently available to the Company\u2019s management. Actual events could differ materially from those contemplated by the forward-looking statements as a result of certain factors which may not be in the control of the Company. Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company has no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.<\/p>\n<p align=\"justify\">\n        <strong>About EdtechX Holdings Acquisition Corp. II<\/strong>\n      <\/p>\n<p align=\"justify\">EdtechX is a blank check company formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.\u00a0 On June 21, 2023, EdtechX terminated its definitive business combination agreement with zSpace Inc. and in August of 2023 commenced the process of liquidating the trust account and redeeming the Public Shares. <\/p>\n<p align=\"justify\">\n        <strong>Company Contact <\/strong>\n      <\/p>\n<p align=\"justify\">For further information, please contact:<\/p>\n<p align=\"left\">EdtechX Holdings Acquisition Corp. II<br \/>22 Soho Square, London, WID 4NS, United Kingdom<br \/>(44) 207 070 7080<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxNDAwOSM1NzkxNTkwIzUwMDA3NjM1Nw==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ODhlNzExYTAtOTM1Yi00MjEzLTg0NTMtZTllNzU4NGU0OWI1LTUwMDA3NjM1Nw==\/tiny\/EdtechX-Holdings-Acquisition-C.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>London, England, Aug. 30, 2023 (GLOBE NEWSWIRE) &#8212; As previously disclosed, EdtechX Holdings Acquisition Corp. II (\u201cEdtechX\u201d or the \u201cCompany\u201d) has commenced the process of liquidating the Company\u2019s trust account established in connection with its initial public offering and redeeming the Company\u2019s Class A ordinary shares issued in such offering (\u201cPublic Shares\u201d), in accordance with the Company\u2019s amended and restated certificate of incorporation (\u201cCharter\u201d). In accordance with the Charter, all outstanding Public Shares will be redeemed at a per share redemption price of approximately $10.34 per Public Share. The Company commenced the liquidation of its trust account on August 15, 2023 and expects that the redemption of the Public Shares will occur on or about August 31, 2023. As of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/edtechx-holdings-acquisition-corp-ii-announces-process-and-timing-of-liquidating-trust-account\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EdtechX Holdings Acquisition Corp. II Announces Process and Timing of Liquidating Trust Account&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-781186","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EdtechX Holdings Acquisition Corp. II Announces Process and Timing of Liquidating Trust Account - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/edtechx-holdings-acquisition-corp-ii-announces-process-and-timing-of-liquidating-trust-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EdtechX Holdings Acquisition Corp. II Announces Process and Timing of Liquidating Trust Account - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"London, England, Aug. 30, 2023 (GLOBE NEWSWIRE) &#8212; As previously disclosed, EdtechX Holdings Acquisition Corp. II (\u201cEdtechX\u201d or the \u201cCompany\u201d) has commenced the process of liquidating the Company\u2019s trust account established in connection with its initial public offering and redeeming the Company\u2019s Class A ordinary shares issued in such offering (\u201cPublic Shares\u201d), in accordance with the Company\u2019s amended and restated certificate of incorporation (\u201cCharter\u201d). In accordance with the Charter, all outstanding Public Shares will be redeemed at a per share redemption price of approximately $10.34 per Public Share. The Company commenced the liquidation of its trust account on August 15, 2023 and expects that the redemption of the Public Shares will occur on or about August 31, 2023. As of &hellip; Continue reading &quot;EdtechX Holdings Acquisition Corp. 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