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EdtechX Holdings Acquisition Corp. II has announced a merger with zSpace, Inc., a leader in AR and VR technology for education, to create a publicly traded entity named zSpace Technologies, Inc.. The merger implies a pro forma enterprise value of $195 million, with $117 million in cash available for growth initiatives. zSpace serves over one million students annually, leveraging significant market potential in the educational AR/VR sector, projected to reach $12.6 billion by 2025. The merger is expected to close in Q4 2022, subject to regulatory approvals.
