Fenwick represented zSpace, Inc., a leading augmented and virtual reality educational technology platform, in its definitive merger agreement with EdtechX Holdings Acquisition Corp. II (Nasdaq: EDTXU, EDTX, and EDTWX), an edtech and future of work-focused special purpose acquisition company (SPAC), that will result in zSpace becoming a publicly listed company.
The transaction values the combined company at an enterprise value of $195 million. Upon closing, the combined company is expected to be named zSpace Technologies, Inc. and listed on the Nasdaq Stock Market under the new ticker symbol “ZSPX.” The transaction is expected to close later this year. More information can be obtained from the company’s announcement.
The Fenwick transaction team included corporate partners Lara Foster, David Michaels, Michael Pilo, counsel Kee Kim, and associates, Bree Thompson, Arielle Trapp, Frances Fuqua and Kasey Wang; technology transactions partner Jonathan Millard and associate Lise Berichel; executive compensation and employee benefits partner Marshall Mort and associates Jennifer Lin and Jonathan Stephenson; and tax partner Will Skinner and associate Kristofer Hatch.