SP Capital is to launch EdTechX Holdings , the world 's first education technology special purpose acquisition company ( SPAC ) , on 2020 , prior to regulatory filings . SP said it aimed to produce a next - generation platform using technology through the acquisition , consolidation and consolidation of start - ups and companies positioned at the leading edge of the sector . The filing also said EdTechX would create an " alternative path to a traditional initial public offering " . US private equity firms are increasingly using SPACs as alternative routes to traditional offerings .
Ibis Capital is to launch EdTechX Holdings, the world's first education technology special purpose acquisition company (SPAC), on Nasdaq, according to regulatory filings. EdTechX said it aimed to produce a next-generation platform using technology through the acquisition, consolidation and development of start-ups and companies working at the leading edge of the sector. The filing also said EdTechX would create an "alternative path to a traditional initial public offering". US private equity firms are increasingly using SPACs as alternative routes to traditional funds.