EdtechX Holdings Acquisition II, the second blank check company formed by IBIS Capital to acquire an education technology business, filed on Monday with the SEC to raise up to $150 million in an initial public offering.
The London, UK-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, EdtechX Holdings Acquisition II would command a market value of $188 million.
The company is led by Chairman and CIO Charles McIntyre, co-founder and CEO of investment and advisory firm IBIS Capital, and CEO and Director Benjamin Vedrenne-Cloquet, an Operating Partner at IBIS Capital. The company plans to target businesses in the education, training, re-skilling, human capital, and education technology industries with enterprise values between $400 million and $2 billion.
IBIS Capital’s previous