zSpace, Inc. (“zSpace” or the “Company”) and EdtechX Holdings
Acquisition Corp. II (Nasdaq: EDTXU, EDTX, and EDTXW) (“EdtechX
II”), an edtech and future of work-focused SPAC, are scheduled to
participate in the 35th Annual ROTH Conference, which is being held
at The Ritz-Carlton, Laguna Niguel in Dana Point, CA from March
13-14, 2023.
zSpace management will be available for
one-on-one meetings throughout the conference.
As previously announced, zSpace and EdtechX II
have entered into a definitive merger agreement that would result
in zSpace becoming publicly traded. Following the anticipated
closing of the proposed business combination, 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
business combination is expected to be consummated following the
receipt of required approval by the stockholders of EdtechX II,
required regulatory approvals, and the fulfilment of other
customary closing conditions.
To receive additional information, request an
invitation or schedule a one-on-one meeting with management, please
contact your ROTH representative or the Company’s investor
relations team at zSpace@gatewayir.com.
About zSpace zSpace is a
leading evidence-based augmented/virtual reality (AR/VR) platform
providing innovative hands-on, experiential learning to improve
achievement in science, math, and career and technical education
credentialing. Over 3,500 U.S. school customers, technical centers,
community colleges, and universities use zSpace to provide
equitable access to instruction for millions of learners preparing
for success in college and careers. A privately held,
venture-backed company located in San Jose, California, it has more
than 70 patents. zSpace was named "Cool Vendor" by Gartner, Inc.,
"Best in Show at ISTE" by Tech & Learning Magazine for three
consecutive years and ranked two years in a row on the Inc. 500
list of fastest-growing companies.
About EdtechX Holdings Acquisition Corp.
IIEdtechX Holdings Acquisition Corp. II is a blank check
company organized for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization, or
other similar business combination with one or more businesses or
entities. EdtechX II is led by its founders, Charles McIntyre,
Executive Chairman and Chief Investment Officer, and Benjamin
Vedrenne-Cloquet, Chief Executive Officer.
Forward-Looking StatementsThis
communication contains certain forward-looking statements within
the meaning of the federal securities laws with respect to the
proposed transaction between zSpace and EdtechX II. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this communication. You should
carefully consider the risks and uncertainties described in the
“Risk Factors” section of EdtechX II’s Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q, the registration statement on Form
S-4, and other documents filed by EdtechX II from time to time with
the SEC. These filings identify and address other important risks
and uncertainties that could cause actual events and results to
differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and zSpace and EdtechX II assume no
obligation and do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Neither zSpace nor EdtechX II gives
any assurance that either zSpace or EdtechX II will achieve its
expectations.
Additional Information and Where to Find
It / Non-SolicitationThis press release relates to a
proposed transaction between zSpace and EdtechX II. This press
release is not a proxy statement or solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the potential transaction and shall not constitute an
offer to sell or a solicitation of an offer to buy the securities
of zSpace, the combined company or EdtechX II, nor shall there be
any sale of any such securities in any state or jurisdiction in
which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction. No offer of securities shall be made except
by means of a prospectus meeting the requirements of the Securities
Act of 1933, as amended (the “Securities Act”). EdtechX II intends
to file a registration statement on Form S-4 with the SEC, which
will include a document that serves as a prospectus and proxy
statement of EdtechX II, referred to as a proxy
statement/prospectus. A proxy statement/prospectus will be sent to
all EdtechX II shareholders. EdtechX II also will file other
documents regarding the proposed transaction with the SEC. Before
making any voting decision, investors and security holders of
EdtechX II are urged to read the registration statement, the proxy
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC in connection with the proposed
transaction as they become available because they will contain
important information about the proposed transaction.
Participants in Solicitation
EdtechX II and zSpace and their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from EdtechX II’s stockholders in connection with the
proposed transaction. Information about EdtechX II’s directors and
executive officers and their ownership of EdtechX II’s securities
is set forth in EdtechX II’s filings with the SEC. To the extent
that holdings of EdtechX II’s securities have changed since the
amounts printed in EdtechX II’s Registration Statement on Form S-1,
such changes have been or will be reflected on Statements of Change
in Ownership on Form 4 filed with the SEC. A list of the names of
such directors and executive officers and information regarding
their interests in the business combination will be contained in
the proxy statement/prospectus when available. You may obtain free
copies of these documents as described in the preceding
paragraph.
No Offer or SolicitationThese
communications do not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act, or an exemption
therefrom.
EdtechX Holdings Acquisition Corp. II
Corporate Contact:Benjamin Vedrenne-CloquetChief Executive
Officerc/o Svetlana Leliksl@ibiscap.com bvc@edtechxcorp.com
EdtechX Holdings Acquisition Corp. II
Media Contact:Sandra
NovakovSandra.novakov@citigatedewerogerson.com
zSpace Investor Inquiries:Cody
Slach and Jackie KeshnerGateway Group, Inc.
+1-949-574-3860zSpace@gatewayir.com
zSpace Media Contact:Amanda
Austin zSpace, Inc.+1-408-638-9413press@zspace.com
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