Item 8.01 Other Events.
As indicated in the final prospectus, dated October 5, 2018, of EdtechX Holdings
Acqusition Corp. ("EdtechX"), EdtechX has until 18 months from the consummation
of its initial public offering (or April 10, 2020) to consummate an initial
business combination (or 21 months from the consummation of the initial public
offering (or July 10, 2020) if (i) it has filed proxy solicitation or tender
offer materials in compliance with Regulation 14A and Regulation 14E,
respectively, of the Securities Exchange Act of 1934, as amended, with the
Securities and Exchange Commission ("SEC") relating to a proposed business
combination by April 10, 2020 and a business combination has not yet been
consummated by such date and (ii) the last sales price of EdtechX's common stock
equals or exceeds the estimated per-share value of the amount in the trust
account on April 10, 2020 for any 20 trading days within the 30 trading day
period ending on March 10, 2020). EdtechX has determined that the estimated
per-share amount in trust on the 18-month anniversary of the consummation of its
initial public offering is $10.35. EdtechX filed its preliminary proxy
solicitation material with the SEC on January 9, 2020. Accordingly, the last
sales price of EdtechX's common stock must equal or exceed $10.35 for any 20
trading days within the 30 trading day period ending March 10, 2020 for EdtechX
to have the additional three months to consummate its initial business
combination.
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